RE:Heavy Volume & hovering near 10 year lows for this stock "... Security based compensation arrangements subject to TSX review
TSX rules in Section 613 of the TSX Company Manual apply to security based compensation arrangements pursuant to which securities of a listed issuer are issuable from treasury, that is, under which the listed issuer can issue new securities. Arrangements under which awards are settled solely in cash or in securities purchased on the secondary market (e.g. through the facilities of a stock exchange) are not subject to TSX review and approval under Section 613. In cases where a plan provides that participants may receive securities that may be issued from treasury or purchased on the secondary market, such a plan will be subject to TSX review.
In general, the following arrangements are subject to TSX review:
1. stock option plans for the benefit of employees, insiders, service providers or any one of such groups;
2. individual stock options granted to employees, service providers or insiders if not granted pursuant to a plan previously approved by the listed issuer’s security holders;
3. stock purchase plans involving issuances from treasury where the listed issuer provides financial assistance or where the listed issuer matches the whole or a portion of the securities being purchased;
4. stock appreciation rights involving issuances of securities from treasury;
5. any other compensation or incentive mechanism involving the issuance or potential issuances of securities of the listed issuer from treasury; and
6. security purchases from treasury by an employee, insider or service provider which is financially assisted by the listed issuer by any means whatsoever...."
"... Stock option plan: A stock option plan allows participants to purchase a certain number of securities of a listed issuer for a pre-determined period of time at a pre-determined price, usually market price at the time the option is granted. Participants must typically wait a specified vesting period before being allowed to exercise the option..."
https://www.tsx.com/resource/en/74
https://www.sabre.gold/
https://m.canadianinsider.com/node/7?menu_tickersearch=SGLD+%7C+Sabre+Gold+Mines+Corp.