GREY:XEPRF - Post by User
Post by
Consultor1on Nov 18, 2010 8:29am
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Post# 17723047
News out
News outXemplar Energy reprices options to 30 cents
2010-11-17 19:20 ET - Options Proposed
Mr. Simon Tam reports
AMENDMENT OF STOCK OPTIONS
Xemplar Energy Corp. has repriced all outstanding stock options. Subject to the approval of the TSX Venture Exchange, outstanding stock options for the purchase of a total of 9.84 million common shares of the company having exercise prices from 50 cents to $1.90 per share, with different expiry terms, have all been repriced to the exercise price of 30 cents per share. As required by the policies of the TSX-V, all repriced options that are held by insiders of the company will be subject to disinterested shareholder approval at the company's next annual general meeting of shareholders, which is scheduled for 2011. None of the repriced options may be exercised at the amended exercise price pending TSX-V acceptance of the stock option repricing.
Consultor1
GLTA