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    blockchain investing

    Vogogo Cancels Stock Options

    Jocelyn Aspa
    Nov. 22, 2018 08:30AM PST
    Blockchain Investing

    Vogogo (CSE:VGO) has announced it has cancelled more than 18 million stock options held by certain officers, employees and consultants of the company. As quoted in the press release: The Cancelled Options represent all of the previously outstanding option grants issued under the Company’s stock option plan (the “Option Plan”), and were comprised of the …

    Vogogo (CSE:VGO) has announced it has cancelled more than 18 million stock options held by certain officers, employees and consultants of the company.

    As quoted in the press release:

    The Cancelled Options represent all of the previously outstanding option grants issued under the Company’s stock option plan (the “Option Plan”), and were comprised of the following:

    Grant DateExpiry DateQuantityExercise Price
    28-Apr-1428-Apr-1960,000$0.330
    11-Sep-1411-Sep-19180,000$0.750
    28-Aug-1528-Aug-2010,000$1.090
    07-Sep-1507-Sep-20250,000$1.200
    17-Feb-1617-Feb-2130,000$0.600
    04-Nov-1604-Nov-215,300,000$0.160
    07-Nov-1707-Nov-2260,000$0.380
    04-Apr-1804-Apr-236,595,951$0.350
    07-May-1807-May-236,000,000$0.455

    The Cancelled Options were voluntarily surrendered by the holder thereof for no consideration. Under the Option Plan, the Company may grant up to 10% of the currently issued and outstanding common shares.  After giving effect to the Cancelled Options, the Company may issue 27,733,939 options under the Option Plan.

    Click here to read the full press release.

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