The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Filing Services Canada

Proventure Income Fund Grants Options

Monday, May 30, 2011

Proventure Income Fund Grants Options19:45 EDT Monday, May 30, 2011FSC / Press ReleaseProventure Income Fund Grants OptionsCalgary, Alberta CANADA, May 30, 2011 /FSC/ - Proventure Income Fund (PVT.UN - TSX Venture), announced today that it granted options to Randall Muth, Chief Financial Officer of the Fund as of today's date, to acquire an aggregate of 10,000 units of the Fund at any time on or before May 30, 2016 at an exercise price of $2.20 per Fund Unit. The Fund also granted deferred units to certain trustees and officers pursuant to its deferred unit plan as of May 30, 2011. The amount of annual bonuses eligible for participation was $2,000. As such, the maximum number of deferred units issuable was 928 at an issue price of $2.155 per deferred unit. These deferred units are being matched by Proventure Income Fund.Proventure Income Fund is an open-ended mutual fund trust established under laws of the Province of Alberta. The Fund is in the commercial property development business and provides financing and leases real estate to Cervus Equipment Corporation. The units of Proventure Income Fund are listed on the TSX Venture Exchange and trade under the symbol "PVT.UN".For further information, please contact:Peter Lacey - President & CEO Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: placey@cervuscorp.comRandy Muth - Chief Financial Officer Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: rmuth@cervuscorp.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view this press release as a web page, please click on the following link: http://www.usetdas.com/pr/proventure05302011.htmSource: Proventure Income Fund (TSX-V: PVT.UN) http://www.cervuscorp.com Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com