Totally Hip Announces Repricing and Grant of Stock Options
Posted on 12-27-00
Canadian Venture Exchange:THW
Phone: 604 685 6525
www.totallyhip.com
e-mail: info@totallyhip.com
Vancouver, BC - December 27, 2000 - Totally Hip Software announces that that it has renegotiated the exercise price on 750,000 Directors' and Employee Stock Options.
The original grant of the Stock Options subject to the renegotiated exercise price was announced in the Company's News Release dated January 18, 2000.
The renegotiated exercise price of the Stock Options has been set at $0.13 per share, which price is not lower than the last closing price of the Company's shares prior to this announcement. The 750,000 Stock Options remain exercisable for a period of up to five years from the date of the original grant. All other provisions of the Stock Options remain in full force and effect.
The renegotiated exercise price is subject to the approval of the Canadian Venture Exchange and, with respect to insider options, disinterested shareholder approval. Accordingly, the Stock Options may not be exercised at the renegotiated exercise price until the required approvals have been obtained.
Totally Hip Software also announces that it has granted Incentive Stock Options on 471,545 shares of the Company's capital stock, exercisable up to five (5) years at a price of $0.13 per share. The options granted may not be exercised until regulatory approval has been obtained and will be subject to any applicable regulatory hold periods.
Totally Hip Software's mission is give content developers and producers complete creative control by producing software that empowers users to create, produce and deliver the most engaging and interactive experiences on the Web. Totally Hip Software was founded in 1995 and is an award winning developer and marketer of interactive Web development technologies. Totally Hip is traded on the Canadian Venture Exchange (www.cdnx.ca) under the Trading Symbol: THW. (c) 2000 Totally Hip Software Inc. All rights reserved.
TOTALLY HIP SOFTWARE INC.
Per: "David B. Dicaire"
David B. Dicaire, CEO & President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
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