Quattro Issues Management Options
04 4월 2014 - 8:01PM
Marketwired
Quattro Issues Management Options
CALGARY, ALBERTA--(Marketwired - Apr 4, 2014) - Quattro
Exploration And Production Ltd. ("Quattro" or the "Company")
(TSX-VENTURE:QXP) announces the grant of 1,100,000 stock options to
certain directors, officers, employees and consultants issued
pursuant to the Company's stock option plan. The options vest over
a 2 year period, are exercisable at a price of $0.40 per share and
expire on April 3, 2019. The shares issuable upon exercise of the
options may not be traded for 4 months and one day from the date of
grant.
Quattro also announces a correction to the terms of its
previously announced disposition of its Noel, B.C. assets to Nordic
Oil & Gas Inc. As a portion of the purchase price, Quattro
received 4,000,000 common shares of Nordic ("Nordic Shares") and
1,000,000 purchase warrants ("Nordic Warrants") (rather than
4,000,000 purchase warrants as previously announced). Each Nordic
Warrant is exercisable into one Nordic Share at a purchase price of
$0.05 per share prior to March 16th, 2016.
About Quattro Exploration and Production Ltd.
Quattro Exploration and Production Ltd. ("QXP") continues to
focus on the conventional exploration and development of oil and
natural gas reserves in Western Canada, with an expanding presence
in Alberta and BC. Our core low risk production base will provide
us the capacity to aggressively pursue a series of high impact
exploration and development efforts in Central and South America.
The company intends to balance this portfolio of activities to
assure its shareholders that it achieves material growth in both
reserves and production.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and those actual results or developments may
differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should
review the Company's registered filings which are available at
www.sedar.com.
This news release shall not constitute an offer to sell or
the solicitation of any offer to buy, nor shall there be any sale
of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities offered have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
state securities laws.
Trading in the securities of Quattro Exploration &
Production Ltd. should be considered highly speculative. 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.
Quattro Exploration & ProductionLeonard Van BetuwPresident
and Chief Executive OfficerOffice (403) 984-3917 or Direct Line
(587) 228-7070leonard@qxp-petro.comwww.qxp-petro.com
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