Carlsbad, Calif.-based Aurora Spine granted stock options to acquire 1 million common shares of the company to the chairman of the company's board of directors, according to MarketWatch.
Here are three points:
1. The stock options prove exercisable at CDN$0.21 per common share and vest one third on the first, second and third annual anniversaries.
2. The options are held to Aurora Spine's stock option plan.
3. The stock options possess an eight-year term.