November 14, 2014
AIM: BNK
Bankers Petroleum Ltd. ("Bankers" or the "Company")
Director and Executive Officer Shareholdings
The Company announces that on November 12, 2014 it granted the following stock
options, all of which are exercisable into Common Shares of the company at a
price of Cdn $4.51 per share to Directors and Executive Officers in accordance
with the Company's Stock Option Plan. The Company also announces that on
November 12, 2014 it has issued Restricted Share Units ("RSU") to the same
Directors and Executive Officers. The details of the above issuances are as
follows:
Name # of Options # of Restricted
Granted Share Units
Eric Brown 35,000 5,250
Director
Robert Cross 52,500 7,875
Director
Abdel Badwi 35,000 5,250
Director
Ian 35,000 5,250
McMurtrie
Director
Phil Knoll 35,000 5,250
Director
John Zaozirny 35,000 5,250
Director
Jonathon Harris 35,000 5,250
Director
Wesley Clark 35,000 5,250
Director
David French 420,000 63,000
Director, President & CEO
Douglas Urch 245,000 36,750
Executive Vice-President,
Finance and Chief Financial
Officer
Suneel Gupta 245,000 36,750
Executive Vice President
and Chief Operating
Officer
Rick Pawluk 2,625 17,500
Corporate Secretary
The options will expire on November 12, 2019 and are subject to the following
vesting provisions: one-third shall vest and become exercisable immediately;
one-third shall vest and become exercisable on each of the first and second
anniversaries of the date of grant.
The RSU's will expire on November 12, 2017 and are subject to the following
vesting provisions: one-third shall vest and become issuable on November 12,
2015 one-third shall vest and become issuable on each of the second and third
anniversaries of the date of issue.
RSU's represent shares issued from treasury subject to the vesting period of
the plan, as approved by shareholders on May 21, 2014. Options represent a
right to purchase shares of the Company subject to the vesting period of the
plan at a price not less than the market price at the time of grant pursuant to
the Stock Options Plan as approved by Shareholders on May 21, 2014.
For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200