GREY:CHTYF - Post by User
Comment by
drdrabon Jan 21, 2014 11:41am
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Post# 22115752
RE:Drilling result for july/aug to come in Feb - likely Feb 28
RE:Drilling result for july/aug to come in Feb - likely Feb 28Jenny, here is the info from last quartely report on outstanding options:
As at September 30, 2013 the Company had 3,475,038 stock options and 1,679,835 warrants outstanding. The options and warrants were issued at an average exercise price of $1.24 per option and $1.59 per warrant. Marquee option policy:
a) Stock option plan
Under the Company's stock option plan, the Company may grant options to its directors, officers, employees and consultants for up to 10% of the issued and outstanding common shares at the time of the option grant. The maximum number of common shares optioned to any one optionee during a twelve month period shall not exceed 5% (2% for consultants) of the outstanding common shares of the Company at the time of grant. Options granted under the plan have a five year term and have vesting periods as determined by the Company's directors at the date of grant. The exercise price of each option equals the market price of the Company’s share of the date of grant.