Falcon Oil & Gas Ltd. - Granting of stock options
30 November 2022 - 06:00PM
Falcon Oil & Gas Ltd. - Granting of stock options
Falcon Oil & Gas
Ltd.(“Falcon”, “Company”)
Granting of stock
options
30 November 2022 - Falcon Oil & Gas Ltd.
(TSXV: FO, AIM: FOG) announces that on 29 November 2022 it granted
incentive stock options (“Options”) to Tom Layman
(Non-Executive Director) to purchase 2,500,000 common shares of
Falcon at an exercise price of GBP£0.15 (equivalent to CDN$0.24)
under the stock option plan approved at Falcon’s annual
shareholders meeting held on 14 July 2022.
The Options have a vesting schedule allowing for
1/3 of the Options to vest immediately with an additional 1/3
vesting on each subsequent anniversary until the Options are fully
vested on 29 November 2024. The Options have an expiry date of 28
November 2027.
Following this grant there are 59,750,000
Options outstanding, representing 5.72% of the issued and
outstanding common shares of Falcon.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd.
|
+353 1 676 8702 |
Philip O'Quigley, CEO |
+353 87 814 7042 |
Anne Flynn, CFO |
+353 1 676 9162 |
|
Cenkos Securities plc (NOMAD & Broker) |
|
Neil McDonald / Derrick Lee |
+44 131 220 9771 |
About Falcon Oil & Gas
Ltd.Falcon Oil & Gas Ltd is an international oil &
gas company engaged in the exploration and development of
unconventional oil and gas assets, with the current portfolio
focused in Australia, South Africa and Hungary. Falcon Oil &
Gas Ltd is incorporated in British Columbia, Canada and
headquartered in Dublin, Ireland with a technical team based in
Budapest, Hungary.
For further information on Falcon Oil & Gas
Ltd. please visit www.falconoilandgas.com
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.
Certain information in this press release may
constitute forward-looking information. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Falcon assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon’s filings with the Canadian
securities regulators, which filings are available at
www.sedar.com.
Director / PDMR Shareholding
1 |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Tom Layman |
2 |
Reason for notification |
|
a) |
Position/Status |
Non – Executive Director |
b) |
Initial notification/Amendment |
Initial Notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Falcon Oil & Gas Ltd. |
b) |
LEI |
213800KQY87Z1KNPIM76 |
4 |
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of
instrumentIdentification code |
Options in respect of common shares in the CompanyCA3060711015 |
b) |
Nature of the transaction |
Award of Options in respect of common shares in the Company |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
GBP£0.15 |
Options in respect of purchase an aggregate of 2,500,000 common
shares in the Company |
d) |
Aggregated information
|
N/A |
e) |
Date of the transaction |
29 November 2022 |
f) |
Place of the transaction |
Outside an exchange |
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