August 11, 2005
CanaDream Corporation – Stock Option Issuances
Calgary, Alberta: CanaDream Corporation (“CanaDream”) announces that, on August 9, 2005 the Company granted options to officers and employees of the Company which will allow them to purchase 575,000 shares of CanaDream at a price of $0.21 each. The grant includes an option on 150,000 shares to Brian Gronberg, President and CEO of the Company and increases the number of options outstanding to directors, officers and employees to 1,228,5000, with a further 796,000 compensation options at $0.37 outstanding until August 27, 2005 to the Company’s agent in respect of the Convertible Debenture that was issued in February, 2003. Under the terms of its Stock Option Plan, CanaDream is allowed to issue up to 3,329,400 shares to Directors, officers, employees and consultants of the Company.
CanaDream is a Canadian tourism company that is utilizing its proprietary business–to–business webenabled system, www.canadasbest.com, and its business–to–consumer on–line Internet reservation system, www.canadream.com, to operate and expand its network of RV rental locations in Canada. CanaDream maintains six Company–operated locations in Calgary, Vancouver, Whitehorse, Toronto, Montreal, and Halifax. The Company is also leveraging its proprietary technology to build a franchised network of associate dealers that are fully interconnected to CanaDream’s e–commerce systems. CanaDream now has three associate dealer franchisees in Edmonton Alberta, and Kelowna and Victoria, British Columbia.
For further information please contact:
Brian Gronberg, President and CEO, CanaDream Corporation
Phone: 800-461-7368
Email: brian@canadream.com
Website:www.canadream.com
