CALGARY,
AB, July 4, 2023 /CNW/ - Lucero Energy Corp.
("Lucero" or the "Company") (TSXV: LOU) (OTCQB:
PSHIF) announces that pursuant to the Company's Bonus Award
Incentive Plan (the "Plan"), an aggregate of 1,883,787
restricted awards and 5,996,683 performance awards were granted to
certain officers and directors of the Company. The awards vest on
September 10, 2026 and expire
December 15, 2026. The awards may be
settled by Lucero, at the Company's sole discretion, in cash and/or
Common Shares, in accordance with the terms of the Plan.
About Lucero Energy
Corp.
Lucero is an oil company engaged in the acquisition,
development, and production of high-quality oil-weighted assets in
the North Dakota Bakken / Three Forks. Lucero's strategic
priorities include successfully managing the Company's cyclical
business with balance sheet strength, a focus on asset quality and
robust capital efficiencies, management of corporate decline
profile for sustainability and using funds flow to maintain or grow
the asset base with the ultimate goal being a return of capital to
shareholders.
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.
SOURCE Lucero Energy Corp.
