Franchise Services of North America Inc. announced that it has granted an aggregate of 1,300,000 incentive stock options to the directors and officers of the company. The exercise price of the options has been set at 14 cents and they are exercisable for a period of 10 years.

The options are governed by the company’s Stock Option Plan, which is subject to TSX Venture Exchange acceptance and ratification by the shareholders of the company. The options vest at 25 percent over a four year period on the annual anniversary of the grant, as per the shareholder approved plan.