BlueTree Wireless Data renegotiates investor relations agreement
26 May 2006
Blue Tree Wireless Data Inc. has entered into a new investor relations services agreement with Pershare Capital Corporation. Under the new negotiated terms, Pershare will receive $1,000.00 CAD per month for its services. BlueTree has also granted Pershare an option to purchase 80,000 common shares, subject to the Company's stock option policy and regulations of the TSX Venture Exchange. The option price per share is $0.10 based on the current market price. It has been mutually agreed upon by both BlueTree and Pershare that the original 100,000 options issued on March 24, 2005 will be cancelled. This new agreement, including the option grant, has been approved by the Board of Directors.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information: Mr. Daniel Becker, CA, Director of Finance, Blue Tree Wireless Data Inc., (514) 422-9110 Ext. 460, dbecker@bluetreewireless.com, http://www.bluetreewireless.com
Source: newswire
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