August 24, 2015
AIM: BNK
Bankers Petroleum Ltd. (“Bankers” or the
“Company”)
Director and Executive Officer Shareholdings
The Company announces that on August 21,
2015 it granted the following stock options to Directors and
Executive Officers in accordance with the Company’s Stock Option
Plan. The options noted below are exercisable into Common
Shares of the company at a price of Cdn $2.12 per share (based on the TSX closing price
on August 20, 2015). The
options will expire on August 20,
2020 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.
Name
Title
# of Options Granted
Robert
Cross
Director
57,825
Eric M.
Brown
Director
38,550
Jonathan P. Harris
Director
38,550
John
Zaozirny
Director
38,550
Abdel
Badwi
Director
155,550
Ian
McMurtrie
Director
38,550
Phil
Knoll Director
38,550
Wesley
Clark
Director
38,550
David
French
Director, President &
CEO
306,600
Doug
Urch
Executive VP, Finance &
CFO
269,850
Suneel
Gupta
Executive VP and
COO
243,852
Rick
Pawluk
Corporate
Secretary
19,275
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: http://www.bankerspetroleum.com/
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O’Connor/Wei Loon Yap
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200