Jadestone Energy Announces Issuance of Stock Options
Jadestone Energy Inc. (TSXV: “JSE”) (the “Company”) announces that it has issued an aggregate of 6,500,000 incentive stock options to a number of employees, Officers and Directors exercisable for a period of ten years at an exercise price of C$0.47 per share. A total of 4,100,000 options were granted to Officers and Directors. The stock options were granted in accordance with the terms of the Company’s stock option plan which has been approved by the Company’s shareholders and the TSX Venture Exchange.
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About Jadestone Energy Inc.
Jadestone Energy Inc. is TSX-V listed oil and gas company headquartered in Singapore. The Company is currently engaged in production, development and exploration and appraisal activities in Australia, Indonesia, Vietnam and the Philippines. Following a recent strategic review, the Company is also focusing on acquiring assets with production in the near term, and where significant follow-on reinvestment opportunities exist to enhance value, as well as undeveloped discoveries which may be rapidly brought to production.
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.