|By Marketwired .||
|May 2, 2014 01:56 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/02/14 -- Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) announces that on May 1, 2014, it granted in aggregate, 7,135,000 incentive stock options ("Options") to various directors, officers, employees and consultants of the Company. As part of its continuous review, the Company cancelled over the past three months a total of 14,980,000 stock options with various exercise prices and further allowed 1,056,800 stock options to expire in January 2014 without renewal.
3,575,000 of the Options granted are to directors, officers and consultants who previously surrendered stock options for cancellation. As a result, this portion of the grant will be subject to approval by shareholders at the Company's next annual general meeting and the Toronto Stock Exchange.
The Options were granted pursuant to the terms of the Company's Stock Option Plan, which was approved by shareholders at the Company's last annual general and special meeting of shareholders held on July 30, 2013. The Options are exercisable at a price of $0.065 per common share for a term of five years expiring on May 1, 2019 and vest at 12.5% per quarter for the first two years following the date of grant.
About Prophecy Coal
Prophecy Coal Corp. is a Canadian company listed on the Toronto Stock Exchange engaged in developing energy projects in Mongolia. Further information on Prophecy Coal can be found at www.prophecycoal.com.
PROPHECY COAL CORP.
ON BEHALF OF THE BOARD
JOHN LEE, Executive Chairman
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
May. 26, 2016 08:30 PM EDT Reads: 2,325
May. 26, 2016 08:00 PM EDT Reads: 1,220
May. 26, 2016 08:00 PM EDT Reads: 2,261
May. 26, 2016 08:00 PM EDT Reads: 2,090
May. 26, 2016 08:00 PM EDT Reads: 2,055
May. 26, 2016 08:00 PM EDT Reads: 2,284
May. 26, 2016 08:00 PM EDT Reads: 1,868
May. 26, 2016 07:45 PM EDT Reads: 2,506
May. 26, 2016 07:30 PM EDT Reads: 2,015
May. 26, 2016 07:15 PM EDT Reads: 989
May. 26, 2016 07:15 PM EDT Reads: 2,984
May. 26, 2016 07:00 PM EDT Reads: 1,923
May. 26, 2016 07:00 PM EDT Reads: 1,334
May. 26, 2016 06:45 PM EDT Reads: 3,059
May. 26, 2016 06:30 PM EDT Reads: 2,020