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CALGARY,
May 1, 2014 /CNW/ - PetroNova
Inc. ("PetroNova" or the "Company") (TSXV: PNA),
a company engaged in the exploration and development of oil and
natural gas resources in Colombia,
today announced that in accordance with the stock option plan of
the Company, it has granted stock options (the "Options") to
purchase 1,446,000 common shares of the Company to certain of its
officers, employees and consultants, of which 250,000 Options were
granted to officers of the Company. The Options have an exercise
price of CDN$0.32 per common share
and expire five years from the date of grant. Of the total Options
granted, 723,000 Options vest one year from the date of grant and
723,000 Options vest two years from the date of grant.
About PetroNova:
The Company, through its subsidiaries, is
engaged in the exploration for, and the acquisition and development
of, oil and natural gas resources in South America, specifically in Colombia. The Company's assets currently
include the Company's interests in the PUT-2 and Tinigua Blocks
located in the Caguan-Putumayo Basin in Colombia, both of which are operated by the
Company, and the non-operated Llanos Blocks located in the Llanos
Basin in Colombia. The common
shares of the Company trade on the TSX Venture Exchange under the
stock symbol "PNA".
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.
SOURCE PetroNova Inc.