Bralorne Gold Mines Ltd.: Voting Results for Stock Option Plan and Re-Pricing of Stock Options
17 Januar 2014 - 11:45PM
Marketwired
Bralorne Gold Mines Ltd.: Voting Results for Stock Option Plan and
Re-Pricing of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 17, 2014) -
Bralorne Gold Mines Ltd.
(TSX-VENTURE:BPM)(OTCQX:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7) (WKN
A0B75M) (the "Company") announces that further to its adjourned
Annual General Meeting held on October 9, 2013, and after further
review of the voting results, its 10% rolling stock option plan was
not approved by the disinterested shareholders. As a result, the
Board of Directors will need to immediately implement a fixed stock
option plan for up to 2,849,000 shares, including previous stock
option grants under the old plan.
In addition, the resolution to re-price the existing stock
options granted to insiders was not made in accordance with the
policies of the TSXV, so in result the re-pricing of the insiders'
stock option was not acceptable to the TSXV. The Company must
therefore return $36,600 being the proceeds of exercise for 122,000
shares to three optionees, and 122,000 shares issued to them will
be returned for cancellation.
About Bralorne Gold Mines Ltd.
The Company is a Canadian junior mining and exploration company,
whose corporate strategy is to build shareholder value through the
exploration and development of economically viable mineral
properties. The Company's current project is a 100% interest in the
Bralorne Gold Mine, BC, currently in mining operation.
For more information, please feel free to visit our website at:
www.bralorne.com
ON BEHALF OF THE BOARD
William Kocken, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This release contains statements that are
forward-looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's periodic
filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. The Company
does not assume the obligation to update any forward-looking
statement.
Bralorne Gold Mines Ltd.William KockenChief Executive
Officer604.682.3701604.682.3600ir@bralorne.comwww.bralorne.com
(TSXV:BPM)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
(TSXV:BPM)
Historical Stock Chart
Von Sep 2023 bis Sep 2024