OTTAWA, July 23 /CNW Telbec/ - Chemaphor Inc. (TSXV: CFR) today announced pursuant to the requirements of the TSX Venture Exchange, that on July 8, 2008 it granted options to purchase 525,000 common shares of Chemaphor to directors and officers. The stock options were granted pursuant to the terms of Chemaphor’s stock option plan and are exercisable at $0.20 per share (based on the July 7th closing price). These grants form part of a total remuneration package. Stock option grants are subject to necessary regulatory approvals.
