Key points
- The options carry an exercise price of $1.01, vest April 9, 2015, and expire April 9, 2016.
- Stephen Rogers received 500,000 loan shares while other employees, including officers, received 3,300,000, for a total of 3,800,000 loan shares issued at $1.01 per share.
- The stock option plan and share loan plan cap combined shares issued at 10 per cent of Nautilus’s issued capital.
- Following the grant, Nautilus’s issued capital totals 238,097,865 common shares, 7,255,000 options, and 245,352,865 shares on a fully diluted basis.
Nautilus Minerals Inc. has granted 225,000 stock options and issued 3.8 million loan shares to its employees, including officers, and to its executive director.
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. The grant of these options and loan shares is part of the company’s long-term incentive/retention plan for employees.
The details regarding the options granted under the stock option plan are tabulated.
Number of Exercise Vesting Expiry
Name options price date date
Employees 225,000 $1.01 April 9, 2015 April 9, 2016
The details regarding the loan shares issued under the share loan plan are tabulated.
Number of Loan
loan Issue Vesting expiry
Name shares price date date
Stephen Rogers 500,000 $1.01 April 9, 2015 April 9, 2016
Other employees,
including
officers 3,300,000 $1.01 April 9, 2015 April 9, 2016
Total loan
shares issued 3,800,000
Following the grant of the options and issue of the loan shares described in this news release, the issued capital of Nautilus is tabulated.
Common shares (including loan shares): 238,097,865
Options: 7,255,000
Fully diluted: 245,352,865
Common shares (including loan shares): 238,097,865
Options: 7,255,000
Fully diluted: 245,352,865
