Vogogo Cancels Stock Options

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.

Click here to read the full press release.