T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: keith massey who wrote (2566)	11/24/1999 1:54:00 PM
From: AriKirA	Read Replies (1) of 5053

Keith, Section 633 of the TSE Company Manual provides that a company cannot issue more than 5% of the outstanding shares to any one person. In other words, the number of shares reserved for issuance to any one person pursuant to options must not exceed 5 % of the outstanding issue Jordex has agreed to grant 500,000 options to Argentum to purchase its shares for a five-year period, of which 170,000 options are subject to shareholder approval of an amendment to its stock option plan. Which explains the required approval for the 170,000 options IMO! Kind Regards AK

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