Q: Peter; I’m assuming you saw the options exercised today by the Chairman. It was announced on the TSX , but not on the US. It also traded over 2M shares in the US. Were there any large blocks in the US traded and does the Chairman have any restrictions on the optioned shares? If not,would it be an overhang. I don’t think it’s the most liquid stock here but in the US it seems much better. Could you just comment on the news ? Thanks.
Rod
Rod
5i Research Answer:
The Chairman exercised 1,420,000 warrants at an exercise price of U$0.90 per share, which increases his holding to about 23.66% of outstanding shares. Trading volume has been increasing since early 2025, and while there are no specific trading restrictions mentioned on the remaining options that the Chairman holds beyond standard rules, his current optiosn represent potential future shares that could be exercised. His remaining 605,000 options could represent an overhang, but a modest overhang relative to the ~48M outstanding shares.