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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 Date Expiry Date Quantity Exercise Price 28-Apr-14 28-Apr-19 60,000 $0.330 11-Sep-14 11-Sep-19 180,000 $0.750 28-Aug-15 28-Aug-20 10,000 $1.090 07-Sep-15 07-Sep-20 250,000 $1.200 17-Feb-16 17-Feb-21 30,000 $0.600 04-Nov-16 04-Nov-21 5,300,000 $0.160 07-Nov-17 07-Nov-22 60,000 $0.380 04-Apr-18 04-Apr-23 6,595,951 $0.350 07-May-18 07-May-23 6,000,000 $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.