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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Anybody get a phone call From CLL?

..Are there limits to these special share...

This is how I see it:

According to the Management Information Circular they are asking as to approve the Share unit plan, which is an up to 8 million new Common Shares from the treasury.

The above shares may be granted to full or part time employees including CLL Officers to supplement their salaries.

This is in addition to current low priced stock option. As we know the option plan is not always beneficial to the participants as some options expire worthless due to the disappointing performance of the CLL stock price.

Benefit payments in the form of the received and sold shares would give participants additional stream of regular income restricted only by Voluntary Black-out Periods.

This will provide an additional flow of new shares offer for sale on CLL trading desk.

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