Cedartree... I'm not so sure about your read that "the options will be split by at least 4".

The way I read this, each person can purchase up to an aggregate of 1,350,000 million shares at 50cts. Meaning... they can purchase multiple times up to a total of 1,350,000 million shares. There are a total of 3 x 1,350,000 or 4,050,000 options issued.

Hope I'm wrong...

Maybe we need some clarification on this..

"Kodiak Exploration Limited has granted incentive stock options to its newest Board member, the Company’s President and Chief Operating Officer, its Chief Financial Officer and its Vice-President, Exploration, to purchase up to an aggregate of 1,350,000 shares of the Company"