Sintana Energy Inc. Grants Incentive Stock Options and Restricted Share Units
March 28 2022 - 9:13AM
Sintana Energy Inc. (TSX-V: SEI) (“Sintana” or the “Company”)
reports that its Board of Directors has approved grants of a total
of 7,750,000 incentive common stock options to several directors
and officers of the Company and six consultants. The options have
an exercise price of $0.165, vest in three equal tranches over the
next 24 months and will expire on March 24, 2027.
The Company also approved grants to several
directors and officers of an aggregate of 4,550,000 restricted
share units which vested on March 24, 2022.
ABOUT SINTANA ENERGY:
The Company is engaged in petroleum and natural
gas exploration and development activities in Colombia’s Magdalena
Basin and five large, highly prospective, onshore and offshore
petroleum exploration licenses in Namibia. Sintana’s exploration
strategy is to acquire, explore, develop and produce superior
quality assets with substantial reserves potential.
On behalf of Sintana Energy
Inc.,“Douglas G, Manner”Chief Executive
Officer
For additional information or to sign-up to
receive periodic updates about Sintana’s projects, and corporate
activities, please visit the Company’s website at
www.sintanaenergy.com
Corporate
Contact: |
Corporate
Contact: |
|
|
Douglas G. MannerChief Executive OfficerTel: 832.279.4913 |
Sean J. AustinVice PresidentTel: 713.825.9591 |
Forward-Looking Statements
Certain information in this release are
forward-looking statements. Forward-looking statements consist of
statements that are not purely historical, including statements
regarding beliefs, plans, expectations or intensions for the
future, and include, but not limited to, statements with respect to
the stock option and restricted share unit grants and the
prospective nature of the Company’s property interests. Such
statements are subject to risks and uncertainties that may cause
actual results, performance or developments to differ materially
from those contained in the statements, including, but not limited
to risks relating to the receipt of all applicable regulatory
approvals, results of exploration activities, the ability to source
joint venture partners and fund exploration, permitting and
government approvals, and other risks identified in the Company’s
public disclosure documents from time to time. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Company
assumes no obligation to update such information, except as may be
required by law.
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.
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