CanAlaska Uranium (CVE:CVV) shares were higher on Monday after the company said shareholders approved the adoption of a new 10% rolling stock option plan.
Subject to acceptance by the TSX Venture Exchange, the new plan intends the total number of option shares that may be issued under the plan, at any time, be equal to 10% of the issued shares of the company.
Existing options granted under the company's former fixed plan will be rolled into and governed by the terms of the new plan. At this time, there are 1,642,363 shares reserved for issuance under the new plan.
At the annual general meeting held on Sept 22 shareholders, also re-elected incumbent directors Peter Dasler, Jean Luc Roy, Ambassador Thomas Graham Jr., Victor Fern, Karl Schimann and Kathleen Townsend to the board.
CanAlaska shares were up 1.2% at C$0.88 on Monday.