Cornish Metals Inc has granted 2.5 million incentive stock options over common shares without par value in the company to its chief executive officer Don Turvey.
The options have an exercise price of £0.085 per share over a five-year term.
Cornish Metals has to date granted a total 29,450,000 options, representing 5.50% of the issued share capital.
The company’s stock option plan allows for the issuance of up to 10% of its issued share capital.
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