Galvanic Applied Sciences Announces Grant of Options

    




 CALGARY, July 27, 2012 /CNW/ - The Directors of Galvanic Applied  Sciences Inc.  (the "Company") announces the grant of  incentive stock options to acquire an aggregate of 150,000 common  shares of the company to the four non-management directors and the  Chief Executive officer pursuant to the Company's Stock Option Plan.  Peter Bourgeois, Walter Chayka, Robert Johnston and S. Grant Reeves  each received options to acquire 25,000 common shares of the Company  and Helen Cornett, CEO received options to acquire 50,000 common shares  of the Company.  The options are exercisable at an exercise price of  $0.96 per common share, have an expiry date of July 26, 2017 and vest  equally over three years on the anniversary date of the grant. This  issue represents .01% of the Company's current issued and outstanding shares. 

 The Company's Stock Option Plan received approval of shareholders at the  Company's annual and special meeting held on August 24, 2011. The  aggregate number of common shares that may be issued pursuant to the  exercise of options awarded under the Stock Option Plan and all other  security based compensation arrangements of the Company is 10% of the  common shares issued and outstanding from time to time.  

 The TSX Venture Exchange has not reviewed and does not accept  responsibility for the adequacy or accuracy of this release. The news  release may contain forward-looking information. Actual future results  may differ materially from those contemplated.   

  



Galvanic Applied Sciences Inc.


CONTACT:  Helen Cornett, Chief Executive Officer, Telephone: [phone], Fax:[phone], email: [e-mail], website: www.galvanic.com. 


    

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