TORONTO, July 25 /CNW/ - Unique Broadband Systems, Inc. (the "Company") (TSX Venture: UBS.V) announced today that options to purchase 1,258,000 common shares of the Company, at an exercise price of $0.44 per share, were granted to directors of the Company and a consultant on July 24, 2008, in accordance with the Company's Stock Option Plan.

The 258,000 options granted to directors will be exercisable in respect of one half on the date of the grant, one quarter six months after the date of the grant and the remainder eighteen months after the date of the grant. The options expire five years after the date of the grant.

The million options granted to a consultant will be exercisable in respect of one third on the first anniversary of the grant, one third on the second anniversary of the grant and the remainder on the third anniversary of the grant. The options expire five years after the date of the grant.

Is Greenhill back in the picture?

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