Sundance Energy Corporation Announces Grant of Stock Options
04 11월 2011 - 4:53AM
Marketwired
Sundance Energy Corporation ("Sundance Energy") (TSX VENTURE:SNY)
(OTCQX:SNYXF) announces that, subject to regulatory approval, it
has granted a total of 2,275,000 options to purchase common shares
of the Corporation ("Options") to directors, officers and
consultants in accordance with Sundance Energy's stock option plan.
The Options expire 5 years from the date of grant for directors and
offices and 3 years from the date of grant for consultants. In
addition, all Options vest immediately and have an exercise price
of $0.25 per common share. Of these Options, 1,450,000 were granted
to directors and officers of Sundance Energy and 825,000 Options
were granted to consultants of Sundance Energy.
Sundance Energy has determined that the exemptions from the
various requirements of the TSX Venture Exchange Policy 5.9 and
Multilateral Instrument 61-101 are available for the issuance of
the Options to the directors and officers of Sundance Energy
(Formal Valuation - Issuer Not Listed on Specified Markets;
Minority Approval - Fair Market Value Not More Than 25% of Market
Capitalization).
About Sundance Energy
Sundance Energy's primary focus is exploring for petroleum and
natural gas on First Nation Lands in Western Canada.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved of the
information contained herein.
Contacts: Sundance Energy Corporation Jeffrey Standen
President/CEO (403) 538-8446 (403) 228-7759
(FAX)jeff@sundance-energy.cawww.sundance-energy.ca
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