RE:OptionsThey will succeed in their vote to reprice those options as they hold the majority of shares at the meeting.
"On April 1, 2014, the Company’s Board of Directors agreed to re-price 7,935,000 incentive stock options issued to certain directors, officers, employees and consultants of the Company. The options were originally granted with exercise prices ranging from $0.25 to $2.00, and the Company will reduce the exercise price to $0.10. Except for the amendment of the exercise price, all original terms of the options will remain in effect. The Company has received
approval from the TSX Venture Exchange for the re-pricing. The Company intends to obtain disinterested shareholder approval for the amendment to the exercise price of the stock options granted to insiders at the Company’s 2014 annual general meeting. Insiders may not exercise options at the new price until such approval is obtained. As at June 30, 2014, these options had not yet been re-priced"