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SAH Sahara Energy Ltd

0.025
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sahara Energy Ltd TSXV:SAH 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% 0.025 0.02 0.025 0 01:00:00

Sahara Energy Ltd. to Amend Option Exercise Price

25/07/2011 1:44pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Sahara Energy Ltd. (TSX VENTURE:SAH) ("Sahara" or the "Company") today announces
that it will, subject to approval by the TSX Venture Exchange ("TSXV") and the
shareholders of the Company ("Shareholders"), amend the exercise price of
options ("Options") to acquire common shares ("Common Shares") in the capital of
the Company, which were previously granted to certain officers, directors,
employees and consultants of the Company on January 24, 2011, in accordance with
the Company's stock option plan dated January 24, 2011 (the "Option Plan").


The Options will be amended, effective July 25, 2011, to amend the exercise
price of the Options from $0.21 to $0.10, being the current Market Price of the
Common Shares (as defined in the Option Plan). All other provisions of the
Options will remain the same.


Sahara will seek TSXV and Shareholder approval to amend the exercise price of
the Options.


Forward Looking Statements

Certain information regarding Sahara set forth in this news release may
constitute forward-looking statements under applicable securities laws and
necessarily involve substantial known and unknown risks and uncertainties. These
forward-looking statements relate to approval of the amendment of the exercise
price of the Options by shareholders of Sahara and by the TSXV. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond Sahara's control, including the failure of the
shareholders of Sahara and the TSXV to approve the amendment of the exercise
price of the Options. Sahara's actual results, performance or achievement could
differ materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so, what benefits that the Company will derive therefrom. All
subsequent forward-looking statements, whether written or oral, attributable to
the Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Additional information on these and
other factors that could affect Sahara's operations and financial results are
included in reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com). The forward- looking
statements contained in this document are made as at the date of this news
release and Sahara does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required by
applicable securities laws.


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