Very quick read gave the following Goldy: Grant of 3,415,000...

Very quick read gave the following Goldy:

Grant of 3,415,000 Options to Mr Anderson at an exercise price of 125% of M/V at the date of issue!! And three years to exercise it!!

Valuation:
"Inherent in the application of the Black-Scholes Model and the Binomial Model are a number of inputs, some of which must be assumed. The data relied upon in applying the Black-Scholes Model and the Binomial Model was:
i. the exercise price of the Options being 125% of the Market Price of shares in the Company as at the Issue Date;
ii. a market price of Shares of $0.037
iii. expiry date of 3 years from the Issue Date for the Options.
iv. a volatility measure of 111.071%;
v. a risk-free interest rate of 1.61% on the options proposed to be issued to Mr Anderson; and
vi. a dividend yield of nil.
Some relatively minor variables were included in the calculation to estimate the value of Anderson Options as "American style" options (being exercisable at any time prior to the stated expiry date).
Based on the independent valuation of the Options, the Company agrees that the value of the Options to be issued pursuant to this resolution is $80,106"

I guess if he brings home the bacon, that will be fine.