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Global Energy Metals Announces Cancellation and Grant of Incentive Stock Options; Arranges Shares for Debt Settlement
(TheNewswire) Vancouver, BC - TheNewswire - November 20, 2020 - ...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Cancellation and Grant of Incentive Stock Options; Arranges Shares for Debt Settlement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - November 20, 2020 -\n \n \n \n \n Global Energy Metals\nCorporation\n \n \n \n \n \n (\n \n \n \n \n \n TSXV:GEMC\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n FSE:5GE1\n \n \n \n \n \n )\n \n \n \n \n (\"Global Energy Metals\", the\n\"Company\" and/or \"GEMC\n \n \n \n \n \")\n \n \n \n \n announces that the Company will cancel an\naggregate of 480,647 incentive stock options (the \"Cancelled\nOptions\") including those held by certain directors, officers,\nadvisors and consultants who have agreed to voluntarily return these\nstock options to the Company.\n \n \n \n \n \n The terms of Cancelled Options are as follows:\n \n \n \n \n \n \n \n \n \n Number of\n \n \n \n \n \n \n Cancelled Options\n \n \n \n 1\n \n \n \n \n \n \n \n \n \n Original Date of\n \n \n \n \n \n \n Grant\n \n \n \n \n \n \n \n \n Expiry Date\n \n \n \n \n \n \n \n \n Exercise Price\n \n \n \n 2\n \n \n \n \n \n \n \n \n \n \n \n 266,189\n \n \n \n \n \n \n \n \n 3-Oct-2016\n \n \n \n \n \n \n \n \n 2-Oct-2026\n \n \n \n \n \n \n \n \n $1.50\n \n \n \n \n \n \n \n \n \n \n 87,613\n \n \n \n \n \n \n \n \n 31-May-2017\n \n \n \n \n \n \n \n \n 30-May-2027\n \n \n \n \n \n \n \n \n $2.00\n \n \n \n \n \n \n \n \n \n \n 101,845\n \n \n \n \n \n \n \n \n 12-June-2018\n \n \n \n \n \n \n \n \n 11-June-2028\n \n \n \n \n \n \n \n \n $1.50\n \n \n \n \n \n \n \n \n \n \n 25,000\n \n \n \n \n \n \n \n \n 30-April-2019\n \n \n \n \n \n \n \n \n 29-April-2024\n \n \n \n \n \n \n \n \n $1.00\n \n \n \n \n \n \n \n 1\n \n \n \n Takes into consideration a\nshare consolidation of all the issued and outstanding share capital on\na 10 old for 1 new basis which took effect August 25,\n2020.\n \n \n \n \n \n \n 2\n \n \n \n The exercise price\nand the number of Shares issuable under the Company's outstanding\nstock options have been proportionately adjusted to reflect the\nConsolidation in accordance with the respective terms thereof.\n \n \n \n \n In addition to the cancellation of these options and\npursuant to its stock option plan, the Company has granted ...