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Article: Bontan announces changes in the terms of its outstanding stock options.
- Article from:
- PR Newswire
- Article date:
- January 27, 2009
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TORONTO, Jan. 27 /PRNewswire-FirstCall/ -- Bontan Corporation Inc. (OTCBB: BNTNF) ("Bontan" or "the Company") today announced that the Board of Directors of the Company ("the Board") approved on December 12, 2008 changes in the terms of 4,825,000 Stock Options issued and outstanding under various Stock Option Plans. These Options were to expire between May 2009 and March 2013 and were to be exercised at exercise prices ranging from US$0.35 to US$1.00, average being US$0.48.
The Board has approved the following changes to the terms of these Options:
1. The expiry period is extended by one year from the current expiry
date.
2. The exercise ...