An announcement from United Hunter Oil & Gas ( (TSE:BOCA) ) is now available.
Bocana Resources Corp. announced the cancellation and reissuance of 2,400,000 stock options initially granted to directors and officers on May 24, 2024. The decision follows advice from the TSX Venture Exchange that the original issuance was outside the proper timeline for the company’s Stock-Based Compensation Plan. The reissued stock options maintain the same terms, allowing holders to purchase common shares at $0.10 each, with staggered vesting dates through 2029. This move ensures compliance with regulatory requirements and maintains the company’s commitment to its compensation strategy.
More about United Hunter Oil & Gas
Bocana Resources Corp. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in South America. The company, through its wholly owned subsidiary Huiracocha International Service SRL, holds a 100% working interest in the Escala area concessions located in the Department of Potosi, Sud Lipez Province, Bolivia.
Average Trading Volume: 54,666
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$262K
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