RE:RE:Stock options to directorsHi Goldy,
Ahahahaah, i'm not a rocket scientist either. What I meant is the fact that management doesn't seems to be raking huge salaries, they are granted stock options. The exercise price of those stock option seems very reasonable (when you look at 52 wk high), compared to many juniors. IMO, it's a positive sign. See below from financial statements:
''The Company has established a stock option plan for directors, senior officers, employees, and consultants. Under the Company's stock option plan, the exercise price of each option is determined by the Board, subject to the discounted market price policies of the TSX Venture Exchange.
The maximum number of shares which may be issued pursuant to options granted under the plan shall be 10,534,525 shares or such additional amount as may be approved from time to time by the shareholders of the Company. The maximum number of options granted to any one optionee in a 12 month period is limited to 5% of the issued shares of the Company.
At October 31, 2016, there are options outstanding to issue 4,555,000 shares of the Company. The price of the options range from $0.10 to $0.30 and their expiry dates range from December 6, 2016 to May 7, 2018. The weighted average contract life remaining is 1.03 years.''
Weighted Number Weighted
Average Exercise Outstanding Average Remaining
Price per Share October 31, 2016 (Years)
$0.10 3,000,000 1.52
$0.30 1,555,000 0.10
4,555,000 1.03