Petrox Announces the Granting of Stock Options
October 29 2013 - 12:02PM
Marketwired Canada
NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.
Petrox Resources Corp. (TSX VENTURE:PTC) ("Petrox" or the "Corporation")
announces that it has today issued an aggregate of 1,175,000 incentive stock
options ("Options") in accordance with the Corporation's stock option plan to a
number of its directors and officers. Each option, vesting immediately upon
grant, entitles the holder thereof to purchase one common share in the capital
of Petrox at a price of $0.12 per share until October 29, 2018. The stock
options and any common shares issued upon exercise thereof will be subject to a
four month resale restriction from the date of grant.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.
FOR FURTHER INFORMATION PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO
Alan Chan, CFO
(403) 270-2290 or (403) 237-8330
(403) 270-2292 (FAX)
www.petroxresources.ca
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