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  4. Sierra Resource Group Inc (SIRG) Message Board

Five Bagger minimum 500% gain at this price, check

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Post# of 4018
Posted On: 07/16/2012 9:49:49 AM
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Posted By: Lmcat
Five Bagger minimum 500% gain at this price, check it out, expect to approve the Plan prior to the May 2012 shareholders meeting and intend to include said Stock Option Plan in our proxy solicitation. On November 17, 2011, the Board of Directors through unanimous written consent, voted that upon completion and ratication of the plan the Company will also grant incentive options to Timothy Benjamin, Chairman, Ricardo Cordón, Michel Rowland, and Luis Munoz. Timothy Benjamin will be granted an aggregate amount of 20,000,000 options exercisable at $0.05 per share in the following manner: 5,000,000 options vest six months after the date of the consent, 5,000,000 vest six months after the company’s receipt of long term financing in excess of $1,000,000 and 10,000,000 options vest six months after the Chloride Copper Mine begins operations. Ricardo Cordón, Michel Rowland, and Luis Munoz will be granted an aggregate amount of 10,000,000 options each exercisable at $0.05 per share in the following manner. 2,000,000 options vest six months after the date of the consent, 4,000,000 vest six months after the company’s receipt of long term financing in excess of $1,000,000 and 4,000,000 options vest six months after the Chloride Copper Mine begins operations. As of December 31, 2011 the option plan were not ratified and the grants were not effective until the option plan was approved and effective. All options approved on November 17, 2011 are to be included in a pending qualified stock option which is expected to be effective in May 2012.



From the SIRG board by rana5



I don't know who rana is but I do know I did not alert him of the move to IH.


Can someone PM him and update him to what happened?



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