CALGARY,
Aug. 28, 2015 /CNW/
- Petroamerica Oil Corp. (TSX-V:PTA) ("Petroamerica" or
the "Company"), a junior oil and gas company operating in
Colombia is pleased to announce
the issuance of a total of 100,000 stock options ("Options")
pursuant to the Company's stock option plan (the "Plan") to
a director of the Company.
Effective August 27,
2015 a total of 100,000 Options have been granted to a
director of the Company with a strike price of $0.67, which was the closing market price for
Petroamerica common shares on that day. This grant is subject
to regulatory approval. These Options were issued pursuant to
the Plan and vest in thirds, with one third vesting on each of the
first, second and third anniversaries of issuance, and expire on
August 27, 2025.
About Petroamerica:
Petroamerica Oil Corp. is a Canadian oil and gas
exploration and production company with interests in fifteen
blocks, located in Colombia's
Llanos and Putumayo Basins. Petroamerica's shares are listed on the
TSX Venture Exchange under the symbol "PTA".
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 Petroamerica Oil Corp.