Sintana Energy Inc. Grants Incentive Stock Options and Restricted Share Units
February 03 2020 - 12:59PM
Sintana Energy Inc. (TSX-V: SEI) (“Sintana” or the “Company”)
reports that its Board of Directors has approved grants of a total
of 2,025,000 incentive common stock options to several directors
and officers of the Company plus one consultant. The options have
an exercise price of $0.145, vest in three equal tranches over the
next 24 months and will expire on January 30, 2025.
The Company also approved grants to four
officers of an aggregate of 200,000 restricted share units that
will vest on February 11, 2020, and which have an expiry date of
December 31, 2023.
ABOUT SINTANA ENERGY:
The Company is engaged in petroleum and natural
gas exploration and development activities in Colombia’s Magdalena
Basin. Sintana’s exploration strategy is to acquire, explore,
develop and produce superior quality assets with significant
reserve potential.
On behalf of Sintana Energy Inc.,“Douglas G,
Manner”Chief Executive Officer
For additional information or to sign-up to receive periodic
updates about Sintana’s projects, and corporate activities, please
visit the Company’s website at www.sintanaenergy.com
Corporate Contact: Douglas G.
Manner Chief Executive Officer
Tel: 832.279.4913 |
Corporate Contact:Sean J. AustinVice PresidentTel:
713.825.9591 |
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Forward-Looking Statements
Certain information in this release are
forward-looking statements. Forward-looking statements consist of
statements that are not purely historical, including statements
regarding beliefs, plans, expectations or intensions for the
future, and include, but not limited to, statements with respect to
the stock option and restricted share unit grants. Such
statements are subject to risks and uncertainties that may cause
actual results, performance or developments to differ materially
from those contained in the statements, including, but not limited
to risks relating to the receipt of all applicable regulatory
approvals. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable
at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements. The Company assumes no obligation to update such
information, except as may be required by law.
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.
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