Rooster Energy Announces the Award of Stock Options to Directors, Officers and Employees
12 9월 2013 - 12:08PM
Marketwired Canada
ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ)
is pleased to announce that pursuant to its Amended Stock Option Plan approved
by shareholders at the Annual General and Special Meeting held on July 16, 2013,
the Directors of the Company have granted all directors, senior officers and
certain employees of a wholly owned subsidiary of the Company, options to
purchase 4,532,759 common shares of the Company at an exercise price equal to
the price of the Company common stock at the closing of the market on September
11, 2013.
The award is effective on September 11, 2013 and the stock options will expire
unless exercised ten years from the date of grant or on September 11, 2023. The
options are exercisable on a three year graded vesting schedule beginning with
one third of the options vesting on the first anniversary of the grant date and
then one third on each of the second and third anniversaries. The options are
subject to the terms and conditions of the Amended Stock Option Plan.
The Company maintains a fixed stock option plan with a total of 21,093,164
shares reserved for award to qualified participants.
ABOUT ROOSTER ENERGY LTD.
The Company is an independent oil and natural gas exploration and production
company based in Houston, Texas that is focused on the development of resources
in the shallow waters of the U.S. Gulf of Mexico. At June 30, 2013, our primary
assets consist of interests in 17 producing oil and/or natural gas wells and
interest in 19 federal leases or blocks. The Company is the operator of the
majority of its properties and daily oil and gas production.
Investors are welcome to visit our website at www.roosterenergyltd.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
For all corporate updates and investor inquiries:
Rooster Petroleum, LLC
Gary L. Nuschler, Jr.
Vice President - Finance
(832) 463-0625
www.roosterenergyltd.com
Rooster Energy Ltd. (TSXV:COQ)
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Rooster Energy Ltd. (TSXV:COQ)
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