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Mr. Osvaldo Iadarola reports
The company has granted to Darlene Iadarola, its corporate secretary, a senior officer's stock option agreement entitling her to purchase up to 200,000 shares of the company at a price of 50 cents per share over a term of two years. The stock option agreement is subject to the acceptance of the Canadian Venture Exchange. The shareholders of the company, at its annual general meeting held March 28, 2000, ratified the granting of further directors', officers' and employees' stock options in conformity with the policies of the Canadian Venture Exchange.
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