Poof... There goes the options to the old boys club!This also puts in place the incentive to get PC sharehiolder value up... Options are at double the trading price.
I agree 100% Ivan and Mountainman.
PacificOre cancels options to buy 15.8 million shares
2013-09-26 17:49 ET - News Release
Mr. Adriaan Bakker reports
While PacificOre Mining Corp. has a stock option plan that permits up to 23 million incentive stock options to be granted, the new management team is of the opinion that this is excessive, and intends to limit the number of option grants to a maximum of 10 per cent of the issued and outstanding shares of the company. In this regard, the company wishes to announce that 15.8 million options have been cancelled this year, and the company has granted eight million incentive stock options to directors and officers, and 3.8 million incentive stock options to consultants of the company, at a price of 10 cents per share exercisable for a period of five years.