Sagres Announces Stock Option Grant
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 01/11/12 -- Sagres Energy Inc. ("Sagres" or the "Company") (TSX VENTURE: SGI) announces an update on its corporate activities and the grant of stock options to its directors, employees and officers.
Stock Option Grant
Sagres announces that it has granted 1,200,000 stock options to its directors, employees and officers. The options have an exercise price of $0.10 per share and vest in three equal yearly instalments with the first installment to vest immediately. The options shall expire five years from the date of grant and are subject to a four month regulatory hold period. The grant of options remains subject to regulatory approval.
Officer Update
Sagres would also like to announce the resignation of Mr. Daniel Bruno, Vice President, Corporate Development. Sagres would like to thank Mr. Bruno for his services to the Company.
About Sagres
Sagres Energy Inc. is a Canadian based international oil and gas exploration company with an exploration portfolio in Colombia, Guyana and Jamaica. The common shares of Sagres are listed for trading on the TSX Venture Exchange under the symbol "SGI".
Regulatory Statements
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the granting of options and the resignation of the Vice President, Corporate Development. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Sagres Energy Inc.
Gary Wine
President & CEO
(403) 441-1129
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Datum: 11.01.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 103067
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contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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