The Conversation (0)
NatureBank Asset Management Inc. (TSX VENTURE: COO)(FRANKFURT: 9EA) got Exchange approval for the repricing of 1,200,000 stock options held by company insiders.
NatureBank Asset Management Inc. (TSX VENTURE: COO)(FRANKFURT: 9EA) got Exchange approval for the repricing of 1,200,000 stock options held by company insiders.
According to the press release:
The Insider Options were originally priced at between $0.15 and $0.21 per share. The new exercise price is $0.10 per share. Disinterested shareholder approval of the repricing was received at the Company’s Annual General Meeting on October 6, 2015 and the amendment agreements with insiders holding the Insider Options were dated December 8, 2015. Shareholder approval had been sought for repricing of up to 1,350,000 options however, due to changes in the management and board of the Company, only 1,200,000 were repriced.
The repricing of the Insider Options follows the repricing of a total of 2,275,000 stock options held by non-insiders of the Company (the “Non-Insider Options”) under the terms of amendment agreements dated December 8, 2015. The new exercise price of the Non-Insider Options is $0.10. The Company had originally planned to reprice 2,575,000 Non-Insider Options but, due to changes in personnel at the Company, this number changed.
Click here to read the full press release.
