RE:Exercise of Insider Stock OptionsI could not agree more. There is something amiss. I don't believe any of these options are valid.
1. According to TSX-V rules if options are cancelled and reissued at a lower price to the same insider within one year the options require the approval of "disinterested" shareholders. That approval is to be sought at the AGM on 26 June 2015. I would take from this that the options were not approved and therefore not valid.
2. Even if the options were valid, EAG had to have been in discussions with Oban on 5 May, a four way merger does not happen overnight. Options cannot be issued or exercised while there is a "Blackout" in effect.
3. The only reason that I can see that these "invalid" options were exercised when they were was to avoid withholding tax.