Scandium Mining’s CEO and CFO exercise 1.9M stock options at C$0.14 each
Scandium International Mining Corp (TSXV: SCY) (OTC Pink: SCYYF) has seen a recent surge in stock option activity, with the CEO and CFO being the only ones reported to have exercised options. The Board has given their full support to this move.
The Company has revealed that a total of 1,900,000 options have been exercised at a price of C$0.14 each. This has resulted in a significant boost to the Company's cash balances, with an increase of C$266,000. The exercise of these options comes after a period where there was no public information about other persons buying stock options besides the board members.
The exercise of these options by the CEO and CFO indicates a vote of confidence in the Company's future prospects. The cash injection will provide Scandium International Mining Corp with additional financial flexibility as they continue their operations.
