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GNF Greenfields Petroleum Corp

0.30
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Greenfields Petroleum Corp TSXV:GNF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.28 0.57 0 01:00:00

Greenfields Petroleum Corporation Announces Issuance of Options

11/10/2013 10:30pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Greenfields Petroleum Corporation ("Greenfields" or the "Company") (TSX
VENTURE:GNF)(TSX VENTURE:GNF.DB), an independent exploration and production
company with assets in Azerbaijan, announces that it has granted options on
October 11, 2013 to acquire up to 630,000 common shares of Greenfields ("Common
Shares"), 459,000 of which were granted to directors and officers of
Greenfields. Each grant of options is for a five year term, expiring on October
11, 2018.


The options vest as to 1/3 on the date Greenfields reaches a certain production
target ("Production Target"), 1/3 on the first anniversary of reaching the
Production Target and the final 1/3 on the second anniversary of reaching the
Production Target. The options are exercisable at a price of $3.20 per Common
Share. There are now options outstanding to purchase a total of 1,735,000 Common
Shares, or approximately 9.4% of the issued and outstanding Common Shares.


About Greenfields Petroleum Corporation

Greenfields is a junior oil and natural gas corporation focused on the
development and production of proven oil and gas reserves principally in the
Republic of Azerbaijan. The Company plans to expand its oil and gas assets
through further farm-ins and acquisitions of Production Sharing Agreements from
foreign governments containing previously discovered but under-developed
international oil and gas fields, also known as "greenfields". More information
about the Company may be obtained on the Greenfields website at
www.greenfields-petroleum.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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greenfields Petroleum Corporation
John W. Harkins
Chief Executive Officer
(832) 234-0836


Greenfields Petroleum Corporation
A. Wayne Curzadd
Chief Financial Officer
(832) 234-0835
info@greenfieldspetroleum.com
www.greenfields-petroleum.com

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