Business
Stock Option Amendments
(TheNewswire) November 8, 2021 - TheNewswire - Victoria , Canada - Te...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Stock Option Amendments\n \n \n (TheNewswire)\n \n \n \n November 8, 2021\n \n \n -\n \n \n TheNewswire -\n \n \n Victoria\n \n \n , Canada - Teuton\nResources Corp.  (“Teuton” or “the Company”) (\n \n \n TSXV:\n \n \n TUO)\n \n \n (OTC:\n \n \n TEUTF)\n \n \n (\n \n \n Frankfurt:\n \n \n TFE)\n \n \n announces that, in\n \n \n conformance with its\n2020 Stock Option Plan, the Company has amended certain incentive\nstock options previously granted to directors of the Company.  On May\n7, 2021, 500,000 stock options originally priced at $3.18 per share\n(exercisable until August 26, 2025) and 200,000 stock options\noriginally priced at $2.78 per share (exercisable until Sept. 28,\n2025) had their exercise prices amended to $2.68 per share;  these\n700,000 stock options are now re-priced to $2.06 per share, six months\nhaving passed since the last amendment.   All other terms of the\noriginal stock option grants remain unchanged. These stock option\ngrant amendments are subject to the approval of the TSX Venture\nExchange and the approval of disinterested shareholders at the\nCompany’s upcoming Annual General Meeting to be held Dec. 22, 2021.\n \n \n \n \n In addition, 342,500 stock options granted to a\ndirector on May 7, 2021 at $2.68 per share exercisable until May 7,\n2026, will also be amended.   The new exercise price for these\n342,500 stock options is now $2.06 per share, all other terms of the\noriginal stock option grant remain unchanged.  This stock option\ngrant amendment is subject to the approval of the TSX Venture Exchange\nand the approval of disinterested shareholders at the Company’s\nupcoming Annual General Meeting to be held Dec. 22, 2021.\n \n \n \n \n Teuton’s share price closed today on the TSX Venture\nExchange at $2.06 a share.\n \n \n \n \n About Teuton\n \n \n \n \n Teuton owns interests in more than thirty properties in\nthe prolific “Golden Triangle” area of northwest British Columbia\nand was one of the first companies to adopt what has since become\nknown as the “prospect generator” model.  Teuton earned $3.9\nmillion net income in 2020 and a further $2.4 million in the first\nquarter of 2021.  Its income is derived from option payments.\n \n \n \n \n Teuton was the original staker of ...