Callinan Royalties Corporation CCNMF

RE: RE: RE: RE: The Proxy

[btshooter]

mineshack:

If shareholders approve #5 they will be giving management the right to set or change current options.
All companies include a "stock option plan" in their annual meeting agenda, for shareholder approval, most of the time the plan is adopted at the meeting.

In my opinion the management will not change the option price in question, if the shareholders do not approve #7.

The company still has 618,213 shares available for option, before 10% of the company's shares issued limit is reached. That is 3,841,000 shares under option. The weighted-average exercise price is $1.43, that price dosn't seem unreasonable to me.

Good luck, bt.