News...This really sucks. Elmer Stewart blows out his previous options and drops the stock price more than a buck, goes out, buys himself a multi million $ home and now grants new options while the stock price is down, only to do it again. Shareholders, we got another Kormanicki involved in this company. Shame old friggin sh*t.
Alhambra grants options for 1.63 million shares
2006-12-22 08:49 ET - Options Proposed
Mr. Elmer Stewart reports
ALHAMBRA RESOURCES LTD. - GRANTING OF STOCK OPTIONS
Alhambra Resources Ltd. has resolved to issue stock options to purchase up to and including 1.63 million common shares of the corporation to directors, officers, employees and consultants. Such stock options shall have an exercise price of $1.60 per common share, shall have a term of three years from the date of grant and shall vest as to 25 per cent immediately, and thereafter, as to 25 per cent thereof six months, 12 months and 18 months from the date of grant.