Nevada Geothermal Power issues incentive stock options
Nevada Geothermal Power Inc issues incentive stock options to certain directors and employees to purchase common shares at a specified exercise price for a term of five years.
In an announcement, “Nevada Geothermal Power Inc. (NGP) released that incentive stock options have been granted to certain directors and employees of NGP to purchase 1,695,000 common shares of the Company at an exercise price of $0.75 per share for a term of five years.
Common shares which may be acquired upon exercise of the options shall be subject to a hold period which will expire on April 20, 2011. Certain employees shall be subject to additional vesting restrictions, to some, or all, of their incentive options.
Source: Release via Vancouver Sun