Options GrantedI take the following option granting as a sign that management is not posturing the company for a buyout, at least for an amount significantly higher than present trading. With a half dozen brokerage firms establishing a target price of $6+, they'd be idiots to sell out for less than that.
December 15, 2010 The following insiders of Northland Resources S.A. (the "Company") have been granted incentive stock options in the Company, exercisable for five years, at an exercise price of CAD 3.03. The exercise price was based on the average 10 day closing price of the Company's shares on the Toronto Stock Exchange, plus a 25% premium.
| Name | Options
Granted | Total
Options
Held | Shares Held,
Directly and
Indirectly |
| | | | |
| Matti Kinnunen, Director | 100 000 | 100 000 | 0 |
| Bert-Ove Johansson, Vice President, Swedish Operations | 300 000 | 300 000 | 0 |