RE:RE:RE:RE:RE:Making Bank. He puts the money up when he excerises the options (and usually sells some or all at that time). Another filing on sedar needs to filed when the options are exercised . As of now, the options have been granted but not exercised. The options expire in five years, so he can exercise them any time the sp is higher than the option price.
If yo look on sedi #50 is the grant of options
| Options 50 - Grant of options | $960,000
+500,000 vol
$1.92 each | 4,025,000 |
and #51 is the exercise of options
| 4 - Director of Issuer | Common Shares 51 - Exercise of options | $90,000
+200,000 vol
$0.45 each
|
| 4 - Director of Issuer | Common Shares 51 - Exercise of options | $90,000
+200,000 vol
$0.45 each
|