OTCPK:MAUXF - Post by User
Comment by
grommeton Feb 18, 2005 1:00pm
228 Views
Post# 8616888
OPTIONS!
OPTIONS!Now the price can really move....
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MART RESOURCES GRANTS INCENTIVE STOCK OPTIONS
Mart Resources Inc. has granted 3.33 million incentive stock options, with an exercise
price of 74 cents per option, to the company's directors, officers and consultants.
Upon exercise, each option entitles the holder to one common share of the company.
The options expire Feb. 18, 2010.
The options were granted in accordance with the company's stock option plan which
was approved by shareholders on June 16, 2004. The stock option plan permits the
company to issue options to acquire up to 10 per cent of the company's common
shares. The company currently has 73,234,966 common shares issued and
outstanding, and 7.23 million options exercisable for common shares. After the grant
of the options, the company has 93,497 options available for further issuance under
the stock option plan.