The New People’s Army, the armed wing of the Communist Party of the Philippines, has staged attacks at overseas-owned mines in the Southeast Asian nation, including Xstrata Plc’s Tampakan copper-gold project.
https://www.bloomberg.com/apps/news?pid=20601012&sid=am5F_2JVPHSM&refer=commodities
This may have a negative effect on CNF, any one looking at it here?
If Mr. Zhang is coming over in April, that would correspond to when the warrants and options will expired.
This was not well timed, not sure how Bay Street sees this....but then it probably does not matter
SOHO RESOURCES CORP. RE-PRICES 3,355,000 EXISTING INCENTIVE STOCK OPTIONS AND GRANTS AN ADDITIONAL 3,515,000 NEW INCENTIVE STOCK OPTIONS
Soho Resources Corp. intends to amend a total of 3,355,000 existing incentive stock options to reduce original exercise prices, which vary between 15 cents per share and 64 cents per share, to a new uniform exercise price of 10 cents per share, subject to TSX Venture Exchange acceptance.
A total of 1.4 million of these options are held by insiders and, in accordance with the requirements of the TSX Venture Exchange, this amendment is subject to the approval of disinterested shareholders. The company intends to seek disinterested shareholder approval at its next annual general meeting, which is scheduled for July, 2009. There has been no change to the expiry date or vesting provisions of the options.
The company also intends to grant 3,515,000 new incentive stock options to directors, officers, employees and consultants. The new options will be exercisable over five years at the price of 10 cents per share. Of these new incentive stock options, 2.6 million will be granted to insiders.