Talent Infinity Moves to Cancel Options for 3,046,000 Shares Granted to Ineligible Recipients
Bitget2026/10/15 05:14- Talent Infinity Resource Developments seeks to cancel stock options covering 3,046,000 common shares from its February 25, 2026 grant covering 4,346,000 shares.
- A regulatory review found 18 consultants and advisors and one former director ineligible; cancellation requires each affected optionee’s consent.
- None of the options have been exercised; the exercise price was corrected to $0.35 per common share on April 21, 2026.
- Following cancellation, current directors and officers will retain options covering 1,300,000 common shares, exercisable at $0.35 per share until February 25, 2031.
- Cancellation of vested options will not change previously recognized share-based compensation expense in audited financial statements for the year ended May 31, 2026.
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