Great Western Mining (GB:GWMO) has released an update.
Great Western Mining Corporation PLC has announced the issuance of 400 million share options, with an immediate vesting period and an exercise price set at 0.04 pence per share, contingent on a minimum 50% increase in share price. Significant option grants were made to key directors, reflecting the company’s performance-based incentive strategy. This move comes as the company has over 8 billion ordinary shares in issue, with existing options ranging from 0.09 to 0.8 pence per share.
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