Oct 12, 2012 - The total number of shares under option is now 20,347,964 Common Shares, representing approximately 7.8% of total shares outstanding and under option.

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http://www.marketwire.com/press-release/option-award-exercise-and-sip-purchase-tsx-iae-1712707.htm

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Dec 21, 2010 - Ithaca Energy Inc. disclosed information related to capital dilution through the granting of 5,090,000 stock options to its managers and employees

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http://markets.chron.com/chron/news/read/16183194/itenergy_inc._haca_

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