Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Granting Of Stock Options
November 30 2022 - 1:00AM
UK Regulatory
TIDMFOG
Falcon Oil & Gas Ltd.
("Falcon", "Company")
Granting of stock options
30 November 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM:
FOG) announces that on 29 November 2022 it granted incentive stock
options ("Options") to Tom Layman (Non-Executive Director) to
purchase 2,500,000 common shares of Falcon at an exercise price of
GBPGBP0.15 (equivalent to CDN$0.24) under the stock option plan
approved at Falcon's annual shareholders meeting held on 14 July
2022.
The Options have a vesting schedule allowing for 1/3 of the
Options to vest immediately with an additional 1/3 vesting on each
subsequent anniversary until the Options are fully vested on 29
November 2024. The Options have an expiry date of 28 November
2027.
Following this grant there are 59,750,000 Options outstanding,
representing 5.72% of the issued and outstanding common shares of
Falcon.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn, CFO +353 1 676 9162
Cenkos Securities plc (NOMAD &
Broker)
Neil McDonald / Derrick Lee +44 131 220 9771
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas
company engaged in the exploration and development of
unconventional oil and gas assets, with the current portfolio
focused in Australia, South Africa and Hungary. Falcon Oil &
Gas Ltd is incorporated in British Columbia, Canada and
headquartered in Dublin, Ireland with a technical team based in
Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please
visit www.falconoilandgas.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.
Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Falcon assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon's filings with the Canadian
securities regulators, which filings are available at
www.sedar.com.
Director / PDMR Shareholding
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name Tom Layman
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status Non -- Executive Director
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
CA3060711015
----------------------------------- ---------------------------------------
b) Nature of the transaction Award of Options in respect of
common shares in the Company
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ---------- ---------------------------
GBPGBP0.15 Options in respect of
purchase an aggregate
of 2,500,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 29 November 2022
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
(END) Dow Jones Newswires
November 30, 2022 02:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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