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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.


TSXV:GMA - Post by User

Bullboard Posts
Post by Mouloukon Nov 02, 2015 3:31pm
144 Views
Post# 24251166

Stock option plan and vote

Stock option plan and votePlease find below the description of the Stock Option Plan that shareholders are asked to ratify (p.8 of the management proxy circular): "Under the Stock Option Plan, the Board of Directors may, from time to time and at its discretion, grant to directors, officers, employees or consultants of the Corporation options to acquire common shares of the Corporation, provided that the number of options granted does not exceed a maximum of 10% of the aggregate number of common shares of the Corporation issued and outstanding. Consequently, the number of common shares that are reserved under the Stock Option Plan is automatically increased as the number of issued and outstanding common shares of the Corporation increases. This is known as a rolling stock option plan. Under TSX Venture Exchange Policy 4.4 - Incentive Stock Options, a rolling stock option plan, such as the Stock Option Plan, must receive shareholder approval yearly, at the annual meeting of shareholders. Accordingly, at the Meeting, shareholders will be asked to consider, and if deemed appropriate, to pass, with or without variation, a resolution in the form annexed to this Management Proxy Circular as Schedule A (the Stock Option Plan Resolution), subject to such amendments, variations or additions as may be approved at the Meeting, ratifying, confirming and approving the Stock Option Plan." Moulouk
Bullboard Posts