RE: Cornerstone13 Sep 2018 15:39
Cornerstone Grants Options
The Board of Directors of the Company has approved the granting of stock options totaling 16.55 million options to directors, officers, consultants and employees of the Company effective September 12, 2018. These options have been priced at $0.215 and have an expiry date of September 12, 2023. As per the Company's Stock Option Plan, these options vest in three equal tranches over an eighteen-month period from the date of issue. Following this stock option grant the Company has a total of 43,768,551 stock options outstanding, which represents approximately 7% of the Company's issued and outstanding common shares.