Directors are giving themselves 7.5 million options but The Director Options will be issued in three equal tranches as follows:
(i) 2.5 million Director Options each exercisable at 5 cents and expiring 1 year from the date of issue;
(ii) 2.5 million Director Options each exercisable at 10 cents and expiring 2 years from the
date of issue; and
(iii) 2.5 million Director Options each exercisable at 15 cents and expiring 3 years from thely exerciserble at 5,10 & 15 cents
It,s good to see the optios only exercisable at a higher price than the current share price , and obviously the directors have faith that this company shareprice is going somewhere in the next couple of years. You can have my vote bruce
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