Excelsior Mining Corp (EXMGF)

[Revello]

I think the option exercise price can't be less than the closing price on the TSX on the day the options are granted, but I'm not really sure due to the complexity of the 2017 Executive Compensation plan (see link to that doc from SEDAR: https://www.sedar.com/GetFile.do?lang=EN&docClass=30&issuerNo=00025928&issuerType=03&projectNo=02773880&docId=4322838) and the new 2018 Security-Based Compensation Plan that was approved (proxy vote) in June 2018 (see MD&A at SEDAR Link: https://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00025928&issuerType=03&projectNo=02783272&docId=4336783).

I provided a quick synopsis of the 2018-approved Security-Based Compensation Plan in an earlier, June 15, 2018 post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141581911