Toubani Resources Unveils Stock Option Terms

Toubani Resources Limited Registered Shs (AU:TRE) has released an update.

Toubani Resources Limited has announced terms for their stock options, with each option allowing the holder to purchase one share at $0.25 before the expiration date three years from issue. If not exercised, options will lapse, and shares issued upon exercise will rank equally with current shares and be free of encumbrances. The company will also seek official ASX quotation for the shares issued from exercised options, while option holders are not entitled to shareholder rights unless the options are exercised.

For further insights into AU:TRE stock, check out TipRanks’ Stock Analysis page.