Incentive options, do they really need incentive beside their salaries to stay motivated, the only thing they have to do is to wait for Tudor news and repost it, our free ride they say, LOL. My personal incentive is the potential high returns on my investment in AMK and it’s enough for me, should be the same for them in my opinions, useless dilutions again. I did vote against it last December...
American Creek Resources Grants Incentive Options
Cardston, Alberta--(Newsfile Corp. - April 11, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") today announced that it has granted 5,600,000 incentive stock options under the Corporation's stock option plan to certain Directors, Officers, and contractors of the Corporation. The options were granted at a deemed price of $0.20 and are exercisable until April 10, 2032. The incentive options are subject to a hold period of four months and a day from issuance.
The Corporation's stock option plan is administered by American Creek's Board of Directors and is a "rolling" 10% stock option plan. The aggregate number of optioned common shares that may be issued upon the exercise of stock options granted under the stock option plan may not exceed 10% of the number of issued and outstanding common shares of the Corporation at the time of granting of options. In accordance with TSX Venture Exchange policies, as the stock option plan is a "rolling" stock option plan, it must receive approval of the Corporation's shareholders yearly at the Corporation's annual general meeting. The stock option plan authorizing the issuance of these incentive options was approved at the most recent annual general meeting held on December 14, 2021.