Key points
- The options and loan shares were granted under the company’s stock option plan and share loan plan approved by shareholders in July 2011, which cap combined shares under both plans at 10 per cent of issued capital.
- A. Geoffrey Loudon received 300,000 options, while Mohammed Ali Al Barwani, Cynthia Thomas and Matthew Hammond each received 200,000 options, all at an exercise price of $0.91 vesting 20 per cent starting April 2, 2013 and expiring October 2, 2015.
- Russell Debney was issued 200,000 loan shares at $0.91 with the same vesting schedule, expiring October 2, 2015.
- The two plans are described in the company’s information circular filed on SEDAR on June 29, 2011.
NAUTILUS MINERALS ISSUES OPTIONS AND LOAN SHARES
Nautilus Minerals Inc. has granted 900,000 options and issued 200,000 loan shares to its non-executive directors as their full remuneration for 2012.
The options and loan shares were granted under the company’s stock option plan and share loan plan which were approved by shareholders in July, 2011, and which limit the total number of shares under the two plans to a combined maximum of 10 per cent of the company’s issued capital. The two plans are described in the company’s information circular filed on SEDAR on June 29, 2011.
No. of Exercise Expiry
Name options price Vesting period date
A. Geoffrey 20% commencing on April
Loudon 2, 2013, and 20% every six Oct. 2,
300,000 $0.91 months thereafter 2015
Mohammed 20% commencing on April
Ali Al 2, 2013, and 20% every six Oct. 2,
Barwani 200,000 $0.91 months thereafter 2015
Cynthia 20% commencing on April
Thomas 2, 2013, and 20% every six Oct. 2,
200,000 $0.91 months thereafter 2015
Matthew 20% commencing on April
Hammond 2, 2013, and 20% every six Oct. 2,
200,000 $0.91 months thereafter 2015
Total options
granted 900,000
No. of Loan
loan Issue expiry
Name shares price Vesting period date
Russell 20% commencing on April
Debney 2, 2013, and 20% every six Oct. 2,
200,000 $0.91 months thereafter 2015
Total loan
shares issued 200,000
