Traction Uranium Corp (OTCMKTS:TRCTF) Stock On Watchlist After Latest Update

Following the announcement from the company on Monday, it could be a good move for investors to take an interest in Traction Uranium Corp (OTCMKTS:TRCTF). The company was in the news yesterday after it made an announcement with regards to the issuance of restricted share units and associated options.

Traction Uranium Announces Issuance of Restricted Share Units and Options

The company announced that as per the provisions of its restricted share unit and stock option plan, it had decided to grant as many as 3,000,000 restricted share units as well as 600,000 stock options for the exercise price of $0.29. The shares and the options have been granted to some of the officers, consultants and directors of Traction Uranium.

In this regard, it should be noted that the all the restricted share units and the stock options are going to be subject to a hold period of four month and a day. All these grants are going to be subject to the conditions of the Canadian Securities Exchange and approval from the shareholders of the company.

Some of the insiders in the company are going to be granted the 600,000 options that are going to be issued. It may be a good time to keep an eye on the Traction Uranium stock.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.