Petrolia: Allocation of Stock Options
(firmenpresse) - QUEBEC CITY, QUEBEC -- (Marketwired) -- 11/18/16 -- 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 17, 2016, 1,787,500 stock options to its employees and directors. The price has been set at $0.165 per share, and the expiry date for these options is November 16, 2021. Certain of the options vest over a three year period.
About Petrolia
Petrolia is a Quebec junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km2, which represents almost 23% of the Quebec territory under lease. Petrolia is a leader in gas and petroleum exploration in Quebec and its vision is to produce oil from here, by the people here, for here. Social and environmental considerations are at the heart of Petolia''s concerns and exploration processes. Via its subsidiary, Investissements PEA Inc., Petrolia holds a 21.7% interest in Anticosti Hydrocarbons L.P., and Petrolia''s subsidiary, Petrolia Anticosti Inc., is the operator of the project on Anticosti Island. Petrolia has 103,177,460 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:
Martin Belanger, P. Eng.
Interim Chief Executive Officer
418-657-1966
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Datum: 18.11.2016 - 15:05 Uhr
Sprache: Deutsch
News-ID 1471070
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QUEBEC CITY, QUEBEC
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Oil & Gas
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