RE:RE:RE:Wow, thank goodness I didn't buy in... This may drop heavy?mtvrdon wrote: Once exercised, I believe the shares must be held for 4 months.
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Confirmed:
“Exchange Hold Period” means a
four month resale restriction imposed by the Exchange on:
(a)Listed Shares and securities convertible, exercisable or exchangeable into Listed Shares (including
incentive stock options) issued by an Issuer to: (i)
directors, officers and Promoters of the Issuer; or
(ii) to Persons holding securities carrying more than 10% of the voting rights attached to the Issuer’s securities both immediately before and after the transaction in which securities are issued, and who have elected or appointed or have the right to elect or appoint one or more directors or
senior officers of the Issuer,except in the case of securities whose distribution was qualified by a Prospectus or were issued under a securities exchange take-over bid, rights offering or pursuant to an amalgamation or other statutory procedure;
(b) Listed Shares issued to any Person at a price or deemed price that is at a discount of more than 10% to the applicable Market Price except in the case of securities whose distribution was qualified by a Prospectus or were issued under a securities exchange take-over bid, rights offering or pursuant to an amalgamation or other statutory procedure; and
(c) incentive stock options granted by an Issuer to any Person with an exercise price that is less than the applicable Market Price.