Appointment of corporate types to find new business opportunities, option incentives to advisors ala VTX, NXR etc
"To assist with the Company’s strategy of identification and acquisition of new business development opportunities, Pelican has engaged Capital Investment Partners the role of Corporate Advisor to Pelican.
CIP will also be granted 14.5 million Advisor Options which will vest on completion of an acquisition by Pelican. It is proposed these Advisor Options will be exercisable at $0.02 and expire on 31 December 2019."
Should get a decent cash amount for nickel project sale also
PEL Price at posting:
1.0¢ Sentiment: None Disclosure: Held