Business
Fairmount announces grants of stock options to employees, directors and officers
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STAT...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nCALGARY, March 7 /CNW/ - Fairmount Energy Inc. ("Fairmount" or the\n"Company") (TSX-V - FMT) announced today that the Board of Directors has\ngranted 360,000 stock options in accordance with the Company's stock option\nplan. The stock options are exercisable at $0.70 per share, expire in five\nyears and vest as to 50% on each of the next two anniversaries of the date of\ngranting. Employees were granted an aggregate of 30,000 options and directors\nand officers were granted an aggregate of 330,000 options. Including this\ngrant of options, the Company has a total of 1,724,138 options outstanding.\n\n\nSubject to receipt of required regulatory approval, the Board of\nDirectors has also amended the terms of 60,000 previously granted employee\nstock options. The amended stock options are exercisable at $0.70 per share,\nexpire on the expiry date specified in the original grant of options and vest\nas to 50% on each of the next two anniversaries of the date of amendment. The\nprevious exercise price for these options was $1.50.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\nNot for distribution to United States news wire services or for\ndissemination in the United States of America.\n\n\n","length":1478,"tagName":"div"}]