Well according to this statement the options have nothing to do with shares to buyout other companies (the Board of Directors may, from time to time, grant stock options to directors, officers, employees and consultants of the Company and its subsidiaries)
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
Which means a lot of shares and shareholders will not be able to vote on this, meaning our great number of shares could quite possibly control the outcome of this vote.
RESOLVED t
(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.
