By my reckoning option agreement relates to options to purchase the following number of shares:
GRV Contributing Shares : 2,200,000 or 10% of total GRV shares excluding teh 5.1 M options;
ECM : 6,150,000 or 15% of ECM Total Shares;
ESMCA : 700,000 or 3% of ESMCA Shares;
Regards
SP
boe call option, page-7
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