Cordoba Minerals Corp (TSX-V:CDB, OTCQB:CDBMF) announced its board of directors has approved certain stock options and long incentive grants to the company's president and CEO Sarah Armstrong-Montoya to acquire up to an aggregate of 1,172,496 common shares under its stock option and long-term incentive plans.
The stock options are exercisable at $0.36 per share and will vest in three tranches starting from six months after the date of grant.
The long incentive grants will vest in three tranches on each of the first, second and third anniversaries of the date of the grant.