Amended and Restated Stock Option Plan and Extension of Share Purchase Warrants

About this update from Nortec Minerals Corp

[{"type":"text","content":"Amended and Restated Stock Option Plan and Extension of Share Purchase Warrants(via Thenewswire.ca)\n\n \nVancouver, British Columbia - August 22, 2013. Nortec Minerals Corp. (\"Nortec\" or the \"Issuer\") (TSX-V: NVT) is pleased to announce the following:\n\n\n \nStock Option Plan\n\n\n \nAt the Company's annual and special meeting of shareholders held on May 28, 2013 (\"AGSM\"), shareholders approved the amended and restated stock option plan (the \"Plan\"), amending the former \"fixed\" plan to a \"rolling\" plan which reserves a maximum of 10% of the total outstanding common shares of the Company at the time of grant. TSX Venture Exchange (\"TSXV\") approval of the Plan was received in June, 2013.\n\n\n \nExtension of Share Purchase Warrants\n\n \n \nAn application was filed with the TSXV for a two (2) year extension of certain share purchase warrants. \n\n \n \nShare purchase warrants issued pursuant to the 8,941,500 unit non-brokered private placement at a price of $0.12 per unit announced on July 4, 2010. Each unit consisted of one share and one share purchase warrant which is exercisable to acquire one share of the Company at an exercise price of $0.20 per share. The private placement was accepted for filing by the TSXV on July 7, 2010. A total of 2,025,000 warrants have previously been exercised. The share purchase warrants expiry date has previously been extended for one year with an expiry date of July 7, 2013.\n\n \n \nTSXV approval was received on June 14, 2013 and the new expiry date of the warrants will be July 7, 2015.\n\n \n \nShare purchase warrants issued pursuant to the 735,000 unit non-brokered private placement at a price of $0.12 per unit announced on July 26, 2010. Each unit consisted of one share and one share purchase warrant which is exercisable to acquire one share of the Company at an exercise price of $0.20 per share. The private placement was accepted for filing by the TSXV on August 5, 2010. A total of 100,000 warrants have previously been exercised. The share purchase warrants expiry date has previously been extended for one year with an expiry date of August 4, 2013.\n\n \n \nTSXV approval was received on June 14, 2013 and the new expiry date of the warrants will be August 4, 2015.\n\n \n \nChange of Address\n\n \n \nAs previously announced, as of September 1, 2013, Nortec's new office address w...

More updates from Nortec Minerals Corp