Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, May 10, 2012 Falcon Oil &;; Gas Ltd. Announces the Granting of Stock Options
May 10, 2012 09:25 ET
Falcon Oil & Gas Ltd. Announces the Granting of Stock Options
TORONTO, ONTARIO--(Marketwire - May 10, 2012) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO) announces that, under its stock option plan approved at the annual and special shareholders meeting held on June 28, 2011, it has granted incentive stock options to purchase an aggregate of 6,000,000 common shares of Falcon. The stock option grants are all subject to regulatory approval.
Terms of the options include an exercise price of $0.10 per share, a vesting schedule allowing for 1/3 of the options to vest on the first anniversary of the grant with an additional 1/3 vesting each subsequent year until the options are fully vested on May 1, 2015, and an expiry date of the options of May 1, 2017.
A maximum of 10% of the issued and outstanding shares of Falcon are reserved for issuance pursuant to Falcon's stock option plan.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil and gas exploration and production company, headquartered in Denver, Colorado, incorporated in British Columbia, Canada, and trading on the TSX Venture Exchange under the symbol "FO." The company specializes in the business of unconventional and conventional oil and gas exploration and production and holds interests in prospective properties in Australia, Hungary, and South Africa.
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.
