Arrow Exploration Corp (TSE:AXL) has released an update.
Arrow Exploration Corp. has announced that two of its directors exercised 416,667 options, with the transaction executed on a ‘cashless’ basis, leading to no new shares being issued. The options were exercised at a strike price of CAD 0.26 against a market price of CAD 0.40, and this move aligns with the company’s anticipation of limited future periods for such exercises. There has been no change in the directors’ shareholding as a result of this exercise.
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