The Legal Language“the exercise price for any stock options granted under a security based compensation arrangement or otherwise must not be lower than the market price of the securities at the time the option is granted (s. 613(h)).”
The TSX will accept, as market price: (A) a closing market price at the time of the grant; or (B) a reasonable pre-determined formula, based on a weighted average trading price or average daily high and low board lot trading prices for a short period of time prior to the time of grant. In my experience it is usually the closing price the day before the grant.
I hope someone from the Company reads this because the market thinks your all thieves at this point in time. All this right before the resource estimate for Eldor and BR PEA. Highway robbery and you should all be in jail.
Do the right thing CCE and start acting like a real company, and not some TSX-V, announcement leaking, free money to the board thief.