Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

STOCK OPTION PLANS

v3.6.0.2
STOCK OPTION PLANS
12 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
NOTE 12. STOCK OPTION PLANS

Zero options were granted during the years ended September 30, 2016. There were 14,750,000 options outstanding to purchase shares of Common Stock as of September 30, 2016. The board of directors adopted the 2013 Share Incentive Plan, or the 2013 Plan, which became effective in July 2013. A total of 17,000,000 common shares of our company are reserved for issuance under the 2013 Plan.

 

Issue Date   No. of Options Issued     Exercise Price ($)     Share Price on Grant Date ($)     Expiry Date   Remaining Contractual Life (Years)  
5/29/2014     12,750,000       0.15       0.18     5/29/2024     7.67  
5/29/2014     2,000,000       0.20       0.18     5/29/2019     2.67  
Balance as at September 30 2016     14,750,000                    

Weighted Average

Contractual Life (Years)

    6.99