Signature Resources Grants Stock Options and Proposes 12-Month Warrant Expiry Extension
Signature Resources granted 4,250,000 incentive stock options to directors, management and advisors at an exercise price of $0.05, vesting 25% immediately and 25% annually thereafter. The company also proposed extending the expiry of 23,497,229 outstanding warrants (strike $0.10) by 12 months to October 30, 2027, subject to TSXV acceptance; 5,043,215 of these warrants are held by related parties.
Key figures
- Options granted
- 4250000
- Warrants extended
- 23497229
- New warrant expiry
- October 30, 2027
- Options exercise price
- $0.05
- Related party warrants
- 5043215
- Warrant exercise price
- $0.10
- Warrant extension months
- 12
AI analysis
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