Sep 20, 2012 - Waste-to-energy technology firm PyroGenesis Canada Inc (CVE:PYR) on Wednesday said it had granted to employees and directors nearly 3.7 million in five-year share options under its existing stock option plan.
The company cancelled 1.06 million in previously issued options to 13 employees and awarded the latter total of 1.276 million options giving them the right to buy 1.276 million PyroGenesis common shares at a price per share of CAD 0.15 (USD 0.15/EUR 0.12).
In addition, the company granted 400,000 options to 10 employees, 790,000 share options to five directors and 550,000 options to two officers at the same exercise price of CAD 0.15. One director got 550,000 options that can be turned into stock at a price of CAD 0.175 apiece. A consultant of PyroGenesis has also received 110,000 options with an exercise price of CAD 0.15.