/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY, Jan. 5, 2017 /CNW/ - Return Energy Inc.
("Return" or the "Company") (TSX-V: "RTN") announces that, subject
to regulatory approval, an aggregate of 2,070,000 options to
acquire common shares of Return were granted to certain of its
directors, officers, employees and consultants. The options
have an exercise price of $0.185 per
share, expire on January 5, 2022 and
vest on a one-third (1/3) basis on each of the first, second and
third anniversaries of January 5,
2017.
Return has determined that exemptions from the various
requirements of TSX Venture Exchange Policy 5.9 are available for
the grant of options.
Return Energy Inc. is an oil and gas exploration and production
company with operations in Western
Canada. Return's common shares trade on the TSX Venture
Exchange under the symbol "RTN".
For further information:
This press release is reproduced on Return website at
www.returnenergyinc.com.
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 Return Energy Inc.
