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Share Name | Share Symbol | Market | Type |
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TSXV:OEL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Octant Energy Corp. (TSX VENTURE:OEL) (the "Company") is pleased to announce that, subject to regulatory approval, it has granted a total of 170,000 options to purchase common shares of the Corporation ("Options") to an officer of the Company in accordance with the Company's stock option plan. The Options expire 5 years from the date of grant, will vest immediately and all Options have an exercise price of $0.11 per common share. The Company 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 officer of Octant (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization). About Octant: Octant is a Canadian independent oil exploration company focused on international exploration and development assets. FOR FURTHER INFORMATION PLEASE CONTACT: Octant Energy Corp. Richard Schmitt CEO and President North America: +1 (403) 470-6591 rick.schmitt@octantenergy.com
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