Copied below is the wording for the resolution to increase the option pool available (From the info circular released yesterday).
It specifically states that this option pool would be available to subsidiaries. I wonder if the plan is to issue options to the board of BB and DL?
SEE BELOW:
Accordingly, at the Meeting, shareholders will be asked to pass an ordinary resolution in the following
form:
RESOLVED to:
(a) approve the amendment of the Company’s stock option plan pursuant to which the Board of
Directors may, from time to time, grant stock options to directors, officers, employees and
consultants of the Company and its subsidiaries (the "Plan") as follows:
(i) to increase the number of common shares of the Company reserved for issuance under
the Plan (the “Fixed Number”) from 36,326,000 to the greater of 43,551,667 or 20% of the
number of issued and outstanding common shares of the Company at the close of
business on the day prior to the day of the Meeting; and
(b) (with all Interested Parties abstaining from voting) to approve the adoption of the 2016 Plan
incorporating the aforesaid amendment providing for the grant of the increased number of
options under the Plan and under all other previously established share compensation
arrangements.
