Octant Energy Corp. (“Octant” or the “Corporation”) (TSX VENTURE:OEL) has approved the grant of 6,300,000 stock options to eligible participants (a total of 4,500,000 of these stock options were approved for grant to directors and officers of the Corporation). The options will be granted at an exercise price of $0.10 per Common Share and, subject to the Option Plan, will expire five years from the date of grant. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policies are available for the granting of the options.
About The Corporation
The Corporation is a public oil and gas company engaged in the acquisition, exploration and development of petroleum and natural gas assets in Africa and North America.
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 press release.
Contacts:
Octant Energy Corp.
Richard Schmitt
President, CEO & Director
North America Telephone: + 1403 470 6591
International: +971 50 640 3380
rick.shmitt@octantenergy.com
Octant Energy Corp.
Chris McLean
Non Executive Chairman and Director
North America Telephone: + 1 403 532-3106
chris@stonechaircapital.com
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