Amends the Price of Previously Granted Stock Options
posted on
Feb 07, 2009 06:03AM
Ecology + Economics
February 6, 2009 | |
Ecometals Amends the Price of Previously Granted Stock Options | |
TORONTO, ONTARIO--(Marketwire - Feb. 6, 2009) - Ecometals Limited (TSX VENTURE:EC) (the "Company") announces that previously granted stock options to acquire an aggregate of 5,869,000 common shares have been amended, subject to the approval of the TSX Venture Exchange, to reduce the exercise price of such options to $0.10 per common share. All other terms of such previously granted stock options remain unchanged. Stock options granted to insiders of the Company accounted for 5,385,000 of the common shares under option. Disinterested shareholder approval was obtained on December 3, 2008 for the amendment of the stock options previously granted to insiders of the Company, as described in the Management Information Circular of the Company dated October 30, 2008, which can be reviewed at www.SEDAR.com. The terms of such previously granted options are as follows: ---------------------------------------------------------------------- No. of Original Amended Optioned Exercise Exercise Original Date Shares Price Price of Grant Expiry Date ---------------------------------------------------------------------- 214,000 0.20 0.10 March 3, 2006 March 3, 2009 ---------------------------------------------------------------------- 60,000 0.20 0.10 March 3, 2006 March 3, 2009 ---------------------------------------------------------------------- 30,000 0.22 0.10 April 12, 2006 April 12, 2009 ---------------------------------------------------------------------- 64,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 60,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 14,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 12,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 10,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 10,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 10,000 0.65 0.10 Sept. 14, 2006 Sept. 14, 2009 ---------------------------------------------------------------------- 178,000 0.70 0.10 Nov. 21, 2006 Nov. 21, 2009 ---------------------------------------------------------------------- 22,000 0.70 0.10 Dec. 5, 2006 Dec. 5, 2009 ---------------------------------------------------------------------- 300,000 0.65 0.10 March 12, 2007 March 12, 2010 ---------------------------------------------------------------------- 80,000 0.65 0.10 March 12, 2007 March 12, 2010 ---------------------------------------------------------------------- 140,000 0.65 0.10 May 25, 2007 May 25, 2010 ---------------------------------------------------------------------- 300,000 0.50 0.10 July 28, 2007 July 28, 2010 ---------------------------------------------------------------------- 180,000 0.50 0.10 July 28, 2007 July 28, 2010 ---------------------------------------------------------------------- 60,000 0.50 0.10 July 28, 2007 July 28, 2010 ---------------------------------------------------------------------- 15,000 0.50 0.10 July 28, 2007 July 28, 2010 ---------------------------------------------------------------------- 250,000 0.50 0.10 Aug. 16, 2007 Aug. 16, 2010 ---------------------------------------------------------------------- 20,000 0.50 0.10 Aug. 16, 2007 Aug. 16, 2010 ---------------------------------------------------------------------- 100,000 0.50 0.10 Oct. 5, 2007 Oct. 5, 2010 ---------------------------------------------------------------------- 200,000 0.50 0.10 Oct. 5, 2007 Oct. 5, 2010 ---------------------------------------------------------------------- 60,000 0.50 0.10 Oct. 5, 2007 Oct. 5, 2010 ---------------------------------------------------------------------- 250,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 1,000,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 600,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 200,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 200,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 100,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 100,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 100,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 60,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 150,000 0.50 0.10 Feb. 20, 2008 Feb. 20, 2013 ---------------------------------------------------------------------- 120,000 0.50 0.10 April 1, 2008 April 1, 2011 ---------------------------------------------------------------------- 600,000 0.50 0.10 April 20, 2008 April 20, 2011 ---------------------------------------------------------------------- Ecometals Limited is a Canadian-listed mineral exploration and development company focused on mineral resources in Latin America. Ecometals also holds 44.4% of Atomaer Holdings Pty Ltd., a private Australian holding company. |