Look at how MCC works. Option for insiders were granted at .59 but we all know that is not going to happen so they cancel 3 mil options and issue 4.2 million new ones at the new price of
.05 CENTS !!! Good work gentlemen , that is a confidence booster. LMAO !! Magor Corporation announces amendments to stock options agreements
OTTAWA, Ont. – June 2, 2014 – Magor Corporation (TSX-V:MCC), a global leader in visual collaboration solutions, today announced that it has obtained TSX Venture Exchange approval to amend certain stock options granted to directors, officers, employees and consultants of the Corporation between October 5, 2009 and August 24, 2010. A total of 986,000 stock options that were to expire between October 5, 2014 and August 24, 2015 at an exercise price of $0.59 will be extended by one additional year with no change in the exercise price.
Magor Announces Stock Option Grants and Cancellations
OTTAWA, Ont. December 9, 2015 – Magor Corporation (TSX-V:MCC), a global leader in visual collaboration solutions, today announced today that it has cancelled an aggregate of 3,116,900 stock options previously granted to certain directors, officers, employees and consultants of the Company from 2010 to 2015. Subsequent to the cancellation of these options and pursuant to its stock option plan, the Company has granted stock options to directors, officers, employees and consultants of the Company to purchase up to an aggregate of 4,200,720 common shares in the capital stock of the Company. The stock options are exercisable for a five-year period at a price of $0.05 per common share. Granting of these options is subject to TSX Ventures Exchange approval. A total of 1,950,000 of the options which were granted to insiders of the Company are subject to disinterested shareholder approval and may not be exercised until such approval has been obtained. Following the grant and cancellation of options, the Company has 4,637,220 stock options outstanding.