Petrolia: Allocation of Stock Options
(firmenpresse) - QUEBEC, QUEBEC -- (Marketwired) -- 11/27/14 -- Petrolia (TSX VENTURE: PEA) announces that in accordance with its compensation policy, and its stock option plan, which is to grant stock options each year to its employees and directors, Petrolia's Board of Directors granted on November 26, 2014, 1,030,000 stock options to its employees and directors. The price has been set at $0.485 per share, and the expiry date for these options is November 25, 2019. Certain of the options vest over a three year period.
About Petrolia
Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km2 (4 million acres), which represents almost 23% of the Quebec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Petrolia holds a 21.7% interest. In order to carry out the project's operations, Petrolia Anticosti Inc., a subsidiary of Petrolia, was designated project operator. Petrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Petrolia has 77,603,196 shares issued and outstanding.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Petrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Petrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Petrolia does not intend and undertakes no obligation to update these forward-looking statements.
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:
Alexandre Gagnon
President and Chief Executive Officer
418-657-1966
For interviews:
Ariane Charette
Communication advisor
418-780-7684
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Unternehmensinformation / Kurzprofil:
Datum: 27.11.2014 - 19:51 Uhr
Sprache: Deutsch
News-ID 355831
Anzahl Zeichen: 0
contact information:
Town:
QUEBEC, QUEBEC
Kategorie:
Oil & Gas
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