Key points
- The TSX Venture Exchange accepted Diamond Fields International Ltd.’s fixed stock option plan on June 27, 2013.
- The plan reserves 7,641,900 shares, less than 10 per cent of the company’s issued and outstanding shares.
- Options may be granted for up to 10 years at a price not less than the greater of 10 cents per share or the discounted market price.
- The company currently has 3,435,000 stock options outstanding, leaving 4,206,900 available to grant.
On June 27, 2013, Diamond Fields International Ltd. received acceptance from the TSX Venture Exchange for the filing of a fixed stock option plan, whereby 7,641,900 shares, being less than 10 per cent of the issued and outstanding shares of the company, have been reserved for issuance. Options can be granted under the plan for a period of up to 10 years at a price not less than the greater of 10 cents per share and the “discounted market price” as defined by exchange policies prevailing on the day the option is granted, or such other prices as may be required or permitted by the exchange. As the plan is for less than 10 per cent of the company’s issued shares, no shareholder approval is required. The company currently has 3,435,000 stock options outstanding, leaving 4,206,900 available to grant.
