Powder Mountain Energy Ltd. Announces Grant of Stock Options
01.08.2014 | FSCwire
Powder Mountain Energy Ltd. Announces Grant of Stock Options
Calgary, Alberta (FSCwire) - Powder Mountain Energy Ltd. (“Powder Mountain”) (TSX-V: PDM) is pleased to announce that the board of directors has approved the grant of 4,195,000 stock options, of which 4,165,000 were granted to directors and officers, with the balance granted to employees and consultants of the Company. The options, to purchase shares of Powder Mountain, have an exercise price of $1.03 per share, a term of five years from date of grant and vest one third on the anniversary of the grant, one third after the second anniversary and one third after the third anniversary.
Not for distribution to U.S. news wire services or dissemination in the United States.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For further information contact:
Bruce Murray
President & CEO
Tel: 403-930-4061
Email: bmurray@powdermtnenergy.com
Website: www.powdermtnenergy.com
John Newman
Chief Financial Officer
Tel: 403-930-4063
Email: jnewman@powdermtnenergy.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/powder08012014.pdf
Source: Powder Mountain Energy Ltd. (TSX Venture:PDM) http://www.powdermtnenergy.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2014 Filing Services Canada Inc.