Key points
- Nautilus Minerals Inc. issued 900,000 stock options and 200,000 loan shares to non-executive directors for 2011 remuneration.
- Geoffrey Loudon received 300,000 options while David De Witt, Cynthia Thomas and Matthew Hammond each received 200,000 options, all at an exercise price of $2.91 vesting 20% every six months from March 2, 2012 with a Sept. 2, 2014 expiry.
- Russell Debney was issued 200,000 loan shares at $2.91 vesting 20% every six months from March 2, 2012 with a Sept. 2, 2014 loan expiry.
- The grants were made under the company’s stock option plan and share loan plan, which shareholders approved to cap combined shares under the two plans at 10 per cent of issued capital.
Nautilus Minerals Inc. has granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration for 2011.
The options and loan shares were granted under the company’s stock option plan and share loan plan which were approved by shareholders and limit the total number of shares under the two plans to a combined maximum of 10 per cent of the company’s issued capital.
No. of Exercise
Name options price Vesting period Expiry date
Geoffrey Loudon 300,000 $2.91 20% every six months
commencing March 2, Sept. 2,
2012 2014
David De Witt 200,000 $2.91 20% every six months
commencing March 2, Sept. 2,
2012 2014
Cynthia Thomas 200,000 $2.91 20% every six months
commencing March 2, Sept. 2,
2012 2014
Matthew Hammond 200,000 $2.91 20% every six months
commencing March 2, Sept. 2,
2012 2014
Total options
granted 900,000
No. of loan Loan expiry
Name shares Issue price Vesting period date
Russell Debney 200,000 $2.91 20% every six months
commencing March 2, Sept. 2,
2012 2014
Total loan
shares issued 200,000
