Diamond Fields Resources Inc. has extended its contract with Aura Financial LLP announced by the company’s news release dated Jan. 24, 2018. Aura has agreed to continue to provide strategic communications and investor relations advice to the company until further notice.
The company has increased its fixed less-than-10-per-cent stock option plan from 4.7 million shares to 6,789,000 shares, which remains less than 10 per cent of the company’s current 67,895,662 issued and outstanding share capital. The amended plan is subject to receipt of acceptance from the TSX Venture Exchange.
In accordance with the amended plan and subject to receipt of acceptance from the exchange therefor, the company has granted stock options to eligible participants for the purchase of up to 1,837,200 common shares at an exercise price of 14.5 cents per share for a five-year term. These options will vest as to one-third on the date of grant and, as to the balance, in two equal tranches over two years.
Following this stock option grant, a balance of 1,589,000 options remain available for future grants under the amended plan.
