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The directors and officers of Petaquilla unconditionally and voluntarily surrendered for cancellation, options to acquire an aggregate of 3,245,080 common shares pursuant to the programme, it said.
Petaquilla now has a total of 5,280,773 options outstanding with exercise prices from USD0.26 to USD2.49.
By cancelling, Petaquilla's board of directors has the flexibility to issue stock options at any time under the policies of the Toronto Stock Exchange without creating further dilution to shareholders, an important element while hiring and retaining qualified employees and directors, the company stated.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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