Falcon Oil & Gas Ltd Falcon Oil & Gas Ltd. Announces the Granting of Stock Options

 
TIDMFOG 
 
Falcon Oil & Gas Ltd. Announces the Granting of Stock Options 
 
 
Falcon Oil & Gas Ltd. announces the granting of stock options 
 
18  January  2016  -  Falcon  Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC)  ("Falcon"  or  the  "Company") 
announces  that on 15 January 2016 it granted incentive stock options ("Options") to purchase an  aggregate 
of 38,700,000 common shares of Falcon to a number of recipients, including directors and officers under the 
stock  option  plan approved at Falcon's annual shareholders meeting held on 9 December  2015.  The  Option 
grant is subject to regulatory approval by the TSX Venture Exchange. 
 
A  maximum  of  10%  of the issued and outstanding shares of Falcon are reserved for issuance  pursuant  to 
Falcon's stock option plan. 
 
The  Options were granted at an exercise price of CDN$0.11 being the closing share price on the TSX Venture 
Exchange on 15 January 2016 to the following: 
 
Name                                                         Number of              Total number of Options 
                                                       Options granted                     held after grant 
JoAchim Conrad - Non- Executive Chairman                     4,000,000                            4,700,000 
Philip O'Quigley - CEO                                      12,000,000                           20,000,000 
Michael Gallagher - CFO                                      6,000,000                            9,300,000 
Daryl Gilbert - Non- Executive Director                      2,500,000                            3,200,000 
Greg Smith - Non- Executive Director                         2,500,000                            3,200,000 
Dr. György Szabó - Non Executive Director                    2,500,000                            4,000,000 
John Craven - Non- Executive Director                        2,500,000                            6,300,000 
Maxim Mayorets - Non- Executive Director                     2,500,000                            2,500,000 
 
The  remaining 4,200,000 Options were granted to employees and a consultant of Falcon at an exercise  price 
of CDN$0.11. 
 
The  Options  granted 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  14  January 
2018. The Options have an expiry date of 14 January 2021. 
 
After  this  grant,  there  are  70,140,000 Options outstanding,  representing  7.61%  of  the  issued  and 
outstanding common shares of Falcon. 
 
For further information, please contact: 
 
CONTACT DETAILS: 
 
Falcon Oil & Gas Ltd.                                    [phone] 
JoAchim Conrad, Non- Executive Chairman           [phone] 
Philip O'Quigley, CEO                                    [phone] 
Michael Gallagher, CFO                                   [phone] 
 
Davy (NOMAD & Broker) 
John Frain / Anthony Farrell                              [phone] 
 
CAMARCO 
Billy Clegg                                              [phone] 
Georgia Mann                                             [phone] 
 
About Falcon Oil & Gas Ltd. 
Falcon  Oil  &  Gas Ltd is an international oil & gas company engaged in the acquisition,  exploration  and 
development  of conventional and 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. 
 
 
 
 
 
Falcon Oil & Gas Ltd. 
 

(END) Dow Jones Newswires

January 18, 2016 02:00 ET (07:00 GMT)