Ouch! Now 20,000,0000 options at ELEVEN + 160,000,000 warrants at TEN cents.And the MASSIVE dilution approaches 500,000,000 shares fully diluted. At least the insiders can make money no? And insiders already started selling to the unsuspecting. Also notice the brand new ids showing up to pump?=RED FLAG = pump and dump
"announces that it has granted up to a total of 20,650,000 incentive stock options to directors, officers, employees and consultants of the Company. The options expire five years from the date of grant and 25% of the options will vest immediately upon grant with the remaining options to vest at a rate of 25% every six months for an 18 month period. The options will have an exercise price of $0.11 per share.
Southern Arc invested $7,324,050 to acquire 97,654,000 units of Eagle Hill and Dundee Corporation invested $4,675,950 to acquire an additional 62,346,000 units at a price of $0.075 per unit. Each unit comprises one common share of Eagle Hill and one half share purchase warrant, with each whole warrant entitling the holder to acquire a further common share of Eagle Hill at a price of $0.10 per share for a period of four years.