/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY,
Oct. 11, 2013 /CNW/ - Sea Dragon
Energy Inc. ("Sea Dragon" or the "Company") (TSXV:
SDX) announces that it has re-issued 4,400,000 previously
cancelled stock options to certain directors, officers and
consultants of the Company on the same basis.
On June 7, 2013,
the Company, with consent of the option holders, cancelled certain
previously issued stock options, including 4,400,000 stock options
held by certain directors, officers and consultants of the
Corporation which had been issued on July
12, 2011 with an exercise price of $0.13 and an expiry date of July 8, 2016 (the "Cancelled Options"). The
Company and the holders of the Cancelled Options have since
determined that the Cancelled Options should not have been
cancelled and have re-issued such options to the original holders
of the Cancelled Options, in the same amounts and on the same terms
as the Cancelled Options. The options have an exercise price of
$0.13 per common share and expire on
July 8, 2016.
About Sea Dragon Energy Inc.
Sea Dragon is an international exploration and
development oil company with a focus on the Middle East and Africa. Activities are currently
concentrated in Egypt, with
interest in three concessions with short and long term potential.
For further information please see the website of the Company at
www.seadragonenergy.com or the Company's filed documents at
www.sedar.com.
This news release does not constitute an
offer to sell or the solicitation of an offer to buy any securities
in the United States, in any
province or territory of Canada or
in any other jurisdiction.
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 THE RELEASE.
SOURCE Sea Dragon Energy Inc.