Novus Energy Inc. grants incentive stock options
December 07 2011 - 10:35AM
PR Newswire (Canada)
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
THE U.S. CALGARY, Dec. 9, 2011 /CNW/ - Novus Energy Inc. ("Novus"
or the "Company") announces that it has granted a total of
1,100,000 options to certain employees of the Company, including
125,000 options to one officer of the Company. These
incentive stock options are a key component in Novus' overall
compensation package, and are utilized to attract and retain top
performing individuals within each key discipline. Each option
entitles the holder the right to acquire one common share of the
Company at an exercise price of $0.81 per share and will expire
five years from the date of issue. One quarter of the options vest
every six months, with the first tranche vesting six months from
the date of grant. 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. Novus Energy Inc.
CONTACT: Hugh G. Ross Ketan PanchmatiaPresident and CEO VP Finance
and CFOTelephone: 403.263.4310 Telephone: 403.263.4310Fax:
403.263.4368 Fax: 403.263.4368
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