This pretty well tells us what the news will be ...
GGL Diamond grants 50-cent options
GGL Diamond Corp GGL
Shares issued 65,328,020 Jan 14 close $0.45
Thu 15 Jan 2004 Options Proposed
Mr. Raymond Hrkac reports
GGL DIAMOND CORP.: STOCK OPTIONS GRANTED
GGL Diamond has granted stock options to its directors, senior officers, employees and consultants to purchase a total of 1.1 million common shares in the capital stock of the company exercisable until Jan. 15, 2009, at a price of 50 cents per share. These grants were recommended to the board by the company's compensation committee at a meeting held on Jan. 5, 2004, at
an exercise price of 45 cents per share. The exercise price was
subsequently set at 50 cents because of market conditions.
The board has also approved an amendment of the company's 2001 stock option plan to increase the number of shares reserved under the plan from 8,101,035 to 9.5 million shares, being 14 per cent of the present issued capital. A portion of the 1.1 million options granted on Jan. 15 may not be exercised until the amendment to the plan has been approved by the shareholders of the company at the next general meeting. The amendment to the plan and the grant of stock options are subject to acceptance for filing by the TSX Venture Exchange. The company has not yet received information from its joint venture partner, De Beers Canada Exploration Inc., with regard to results from the sampling conducted this fall on the Doyle Lake properties aside from that covered in the news in Stockwatch dated Oct. 30, 2003.
(c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com |
