RE:Allana Potash: 11 Different Insiders Have Purchased Shares Wow...........looks like alot of BONUS SHARES/FREEBIES............mostly till money.........
Share bonus plan
In December 2011, the shareholders of the Company approved a share bonus plan whereby an aggregate of up to 2.5 million
common shares of the Company have been reserved for issuance to officers, directors and employees of the Company.
On January 28, 2013, the board approved the issuance and allocation of up to 1,845,000 common shares pursuant to the share
bonus plan, subject to the terms of the share bonus plan and final approval by the President prior to issuance on the following
dates:
April 1, 2013 - 461,250 common shares (valued at $0.46 per common share)
July 1, 2013 - 461,250 common shares (valued at $0.48 per common share)
October 1, 2013 - 461,250 common shares (valued at $0.45 per common share)
January 1, 2014 - 450,000 common shares (valued at $0.37 per common share)
On October 29, 2013, the board approved the issuance and allocation of up to a further 666,000 common shares pursuant to
the share bonus plan, subject to the terms of the share bonus plan and final approval by the President prior to issuance on the
following dates:
January 1, 2014 - 166,500 common shares (valued at $0.37 per common share)
April 1, 2014 - 166,500 common shares
July 1, 2014 - 166,500 common shares
October 1, 2014 - 166,500 common shares
The share bonus plan stipulates that in no event the issuance of both bonus shares and stock options combined shall exceed
10% of the Company's issued and outstanding capital.
During the six months ended January 31, 2014, an amount of $285,853 (January 31, 2013 – $nil) is included as stock-based
compensation expense related to the fair value of the portion of shares vested during the period for directors, officers and
consultants engaged at the corporate level. During the six months ended January 31, 2014, an amount of $149,815 (January
31, 2013 – $nil) is included in the condensed interim consolidated statements of financial position as exploration and
evaluation asset related to the fair value of the portion of shares vested during the period for officers and consultants engaged
at the site level.
Read more at https://www.stockhouse.com/companies/bullboard/t.aaa/allana-potash-corp#ympqLXgZRHvwOWKe.99