new CEO Exercise price 20% above current price.
Seems very well qualified.
Mr. Ashton will be granted 800,000 stock options that will vest equally over four years at an exercise price equal to the greater of the market price of the Company’s common shares at the date of grant and $1.50 per share. The vesting of 50% of the stock options is time-based, with such stock options vesting in equal increments over the four-year period, and the vesting of the remaining 50% of the stock options is based on certain thresholds of the market price of the Company’s common shares being achieved over the course of the same four-year period. Mr. Ashton’s appointment and stock option grant are subject to the approval of the TSX Venture Exchange.