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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canada-based junior resource exploration company. The Company’s primary projects include four projects in Clayton Valley, Nevada, such as the McGee lithium clay deposit, the Elon lithium brine project, Green Clay lithium project, and the Clayton Ridge project. Its other primary projects include the Perron-East gold project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of Northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine. It has three separate claim blocks in Nevada that are prospective for lithium known as the 880-acre McGee Lithium Clay Deposit. The Green Clay lithium project consists of 97 contiguous claims totaling approximately 2,000 acres, and the Clayton Ridge project consists of 35 contiguous claims totaling approximately 721 acres. Its Chibougamau vanadium project is located in the direct vicinity of Lac Chibougamau, Quebec.


CSE:SPMT - Post by User

Post by sampazzo1on Sep 09, 2020 4:06pm
126 Views
Post# 31528159

Ok I’ll try to explain options to the 5 year old investor

Ok I’ll try to explain options to the 5 year old investorOptions are approved and granted free of charge by the company (board of directors) as incentive/reward for work performed on the company’s behalf. At a strike price in this case at 81/2 cents.
 
Options would then be bought at .085 with shares issued to the employee or directors do as he please.
 
NO OPTIONS WERE EVERCICED AT .085 Why would a director pay .085 when you can buy them on the open market for .07? GET IT???

Filing
Date
Transaction
Date
Insider Name Ownership
Type
Securities Nature of transaction Volume or Value Price
Sep 8/20 Sep 4/20 Cai, Yangping Direct Ownership Options 50 - Grant of options 200,000 $0.085
Sep 8/20 Sep 4/20 Kay, Seth Bayliss Direct Ownership Options 50 - Grant of options 200,000  
Sep 8/20 Sep 4/20 Nelson, James Direct Ownership Options 50 - Grant of options 200,000  
Sep 8/20 Sep 4/20 Aalderink, Dennis Wellington Direct Ownership Options 50 - Grant of options 200,000 $0.085
Sep 8/20 Sep 4/20 Thomson, Gregory Direct Ownership Options 50 - Grant of options 200,000  
Sep 5/20 Sep 4/20 Jensen, Twila Indirect Ownership Options 50 - Grant of options 1,000,000 $0.085
Sep 5/20 Aug 28/20 Jensen, Twila Indirect Ownership Options 00 - Opening Balance-Initial SEDI Report    
May 20/20 May 20/20 Aalderink, Dennis Wellington Direct Ownership Options 50 - Grant of options 760,000 $0.050
May 20/20 May 15/20 Kay, Seth Bayliss Direct Ownership Options 50 - Grant of options 240,000  
May 20/20 May 15/20 Nelson, James Direct Ownership Options 50 - Grant of options 240,000  
 
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