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Opus One Gold Cancels 15M Options, Re-Grants Under New Plan
OOR cancelled 15M stock options and re-granted them under its new omnibus plan to fix a pricing inconsistency, preserving original terms.
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Opus One Gold Corp. (OOR: TSXV) cancelled 15 million stock options and re-granted them under a new omnibus equity plan, preserving the original exercise prices and expiry dates, the company said.
The move addressed a pricing inconsistency. The original options, granted in October 2024 and February 2025, carried exercise prices of $0.05 and $0.055 per share – the closing price on each grant date. But at that time the company still operated under a former stock option plan that required a minimum exercise price of $0.10, regardless of the TSX Venture Exchange's updated Policy 4.4, adopted in November 2021, which allowed lower prices.
The board determined the discrepancy needed fixing. The cancellation and immediate re-grant shifts the options to the Omnibus Plan, which was approved by shareholders at the June 10, 2025 annual meeting. The Omnibus Plan permits option grants below $0.10 as long as the exercise price is at least the market price on the trading day before the grant. The re-grant keeps the same holders, amounts, prices and expiry dates, the company said.