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Highlights
- Canasil has applied for the TSX-V approval to grant 5,150,000 incentive stock options priced at CAD 0.05 per share.
- The proposed options would be valid for five years and partially replace 6,975,000 expired or cancelled options.
- If approved and issued, total outstanding stock options would rise to 6,650,000, representing ~46% of the stock option plan limit.
Canasil Resources Inc. (TSX-V:CLZ.H) (DB Frankfurt:CC), a Canadian mineral exploration company, has filed an application with the TSX Venture Exchange (TSX-V) seeking approval to issue up to 5,150,000 incentive stock options to its directors, officers, advisors, and employees.
The proposed options would have an exercise price of CAD 0.05 per share and a five-year term from the date of grant, subject to regulatory approval.
Recent Option Activity
The company noted that it has not issued any incentive stock options since May 2021. From 2025 through December 31, 2025, a total of 6,975,000 stock options expired or were cancelled.
The newly proposed option grants are intended to partially replenish these expired or cancelled options.
Impact on Outstanding Options
If approved and issued as of January 8, 2026, Canasil would hold a total of 6,650,000 outstanding stock options. This would account for approximately 46% of the 14,381,428 options available under its stock option plan.
CLZ.H shares traded at CAD 0.035 per share on 09 January 2026.
