SCYRF
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Scryb Issues Stock Options
Scryb (SCYRF) granted 3,870,000 stock options, exercisable at $0.12 per share for five years, to company stakeholders; 2,910,000 options were allocated to directors and officers. The grants fall under the Omnibus Long-Term Incentive Plan and include a four-month resale restriction. The company utilized exemptions under MI 61-101 regarding valuation and minority shareholder approval for insider participation, which may draw scrutiny. The options aim to incentivize personnel but also pose potential dilution risks.