North Sea grants options to buy 2.7 million shares
2017-04-21 16:45 ET - News Release
Mr. Ian Lambert reports
NORTH SEA ENERGY GRANTS STOCK OPTIONS
North Sea Energy Inc.'s board of directors has approved the grant of 2.7 million options to directors and officers of the company. These options, pursuant to the company's stock option plan, will have a three-year term, exercisable up to April 20, 2020, at an exercise price of five cents per share, which price is greater than the market price of the company's shares immediately preceding April 21, 2017.
All stock options and any shares issued on the exercise of stock options will be legended with a four-month exchange hold period commencing on the date the stock options were granted.
About North Sea Energy Inc.
The company, founded in February, 2007, is a United Kingdom company, focused on oil and gas exploration and appraisal company, quoted on the TSX Venture Exchange. North Sea, along with its wholly owned subsidiary, North Sea Energy (U.K. NO2) Ltd., holds two high-impact opportunities in the U.K. North Sea. These opportunities are the Bagpuss and Blofeld prospects, located in blocks 13/24c and 13/25 of the UKCS.
We seek Safe Harbor.