- U3O8 ( OTC:UWEFF ) said that Dr. Richard Spencer has transitioned from President and CEO to Chairman of the board of the company.
- Mr. Trumbull Fisher, who was appointed Chairman of the board on June 30, is relinquishing this role to become CEO.
- Both changes are effective immediately.
- In connection with the appointments, the company has granted Dr. Spencer and Mr. Trumbull options to purchase a total of 600K common shares of the company.
- The options are exercisable at a price of $0.21 per common share for a period of five years.
- 25% of the options vest immediately with the remainder vesting in equal tranches of 25% at six-month intervals from the date of the grant.
For further details see:
U3O8 appoints Trumbull Fisher as CEO