Here is the companies stock option plan. I beleive options exercised one day, can be sold the next. I beleive warrants have a 4 month hold period AFTER being exercised.
Can anyone here confirm or add to my above statement.
Stock options
The Company’s Board of Directors approved the adoption of a stock incentive plan [the “Plan”]
dated November 4, 2003 in accordance with the policies of the TSX Venture Exchange. The
Board of Directors is authorized to grant options to directors, officers, consultants or employees.
The exercise price of options granted under the Plan shall be as determined by the Board of
Directors when such options are granted, subject to any limitations imposed by any relevant stock
exchange or regulatory authority. The maximum number of options that may be granted to any one
person must not exceed 5% of the common shares outstanding at the time of the grant and at no
time will more than 5,000,000 shares be under option pursuant to the Plan. Any options granted
under the Plan shall vest in the Optionee based on a periodic vesting schedule as determined by
the Board of Directors, which will provide for the vesting of equal trenches of the option over a
period of not less than 18 months.
