why we're dropping - Stock OptionsCornerstone Capital Resources (TSX-V:CGP, StockForum), a Mount Pearl Newfoundland-based exploration stage company operating projects in Canada and Ecuador, announced today the board of the directors for the company approved the annual grant of stock options totaling 3.9 million to directors, officers, consultants and employees effective March 5, 2012.
According to the news release, “These options have been priced at $0.19 and have an expiry date of March 5, 2019. As per the Company's approved Stock Option Plan, these options vest in three equal tranches over an eighteen month period from the date of issue.”
Cornerstone was in the news recently when the company drilled 0.95% Cu and 0.96 g/t Au over 136 metres at Cascabel.
Shares slipped 8.11% on the news to $0.17 per share.
Currently there are 159.8m outstanding shares with a market cap of $27.2 million.