GREY:VMSTF - Post by User
Post by
wintersun10on Sep 09, 2015 9:28am
100 Views
Post# 24088462
Options Time
Options Time
VMS replaces rolling stock option plan with fixed plan
2015-09-09 09:24 ET - News Release
Mr. John Roozendaal reports
VMS VENTURES ADOPTS FIXED OPTION PLAN
VMS Ventures Inc. has cancelled its rolling stock option plan and has adopted a fixed stock option plan. Pursuant to the fixed option plan, options for an aggregate total of 5,585,635 common shares in the capital stock of the company (representing approximately 10 per cent of the current issued and outstanding shares of the company) may be granted from time to time to directors, senior officers, employees and other persons eligible to be granted options.
The fixed stock option plan is subject to the approval of the TSX Venture Exchange. Additionally, the company has granted incentive stock options in accordance with the fixed option plan to directors, officers and consultants of the company, entitling the purchase of an aggregate of 850,000 common shares. The stock options are exercisable at a price of 18 cents for a period of five years and may only be exercised by the optionees once the fixed option plan has been approved by the TSX Venture Exchange.
© 2015 Canjex Publishing Ltd. All rights reserved.