Sierra Iron Ore amends 1.54 million options
SIERRA ANNOUNCES AMENDMENT TO PREVIOUSLY GRANTED OPTIONS AND NEW OPTION GRANT
Sierra Iron Ore Corp. has amended the exercise price of the 1.54 million stock options previously granted on July 22, 2015, to consultants of the company to 35 cents per common share. The original exercise price was 75 cents per share.
The company has also granted options to purchase 650,000 shares of the company to its directors, officers and consultants with an exercise price of 35 cents per share for a period of two years.
The company has 39,146,083 shares issued and outstanding. Under the terms of the company’s 10-per-cent rolling stock option plan, a maximum of 3,914,608 shares are available to be issued pursuant to the exercise of options at this time. Including this grant of 650,000 options, a total of 2,984,903 Shares have been reserved for issuance pursuant to option grants.
http://www.sierrairon.com/news.html
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