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.
Diamond Fields’ Grants Stock Options Under Fixed Stock Option Plan
Diamond Fields International Ltd. has granted options entitling eligible participants to purchase up to 3.65 million common shares at an…