Two directors got 800,000 options, maybe we the shareholders are next to be rewarded for being so patients.
Mr. Robert Casaceli reports
CRESO IS CONTINUED UNDER THE CBCA
Following the approval by its shareholders of a special resolution at the annual and special meeting held on Sept. 22, 2010, Creso Exploration Inc. was continued under the Canada Business Corporations Act as of Sept. 29, 2010, and the head office was transferred to Montreal.
At the meeting, the shareholders elected Jacques Bouchard, Richard Groome, Pierre Gauthier, Jean-Guy Lambert and Andre Thibault to the board of the corporation. The board of directors appointed Mr. Gauthier, executive chairman, Robert Casaceli, president and chief executive officer, Vatche Tchakmakian, chief financial officer, and Luce L. Saint-Pierre, corporate secretary.
The board of directors also approved the grant of options to buy 400,000 shares at 87 cents to two directors of the corporation. The options have an exercise period of five years and are totally vested. The grant of options remains subject to regulatory approval.