The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Novus Energy Inc. grants incentive stock options

Friday, December 09, 2011

Novus Energy Inc. grants incentive stock options13:35 EST Friday, December 09, 2011NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.CALGARY, Dec. 9, 2011 /CNW/ -Novus Energy Inc. ("Novus" or the "Company") (TSX Venture Exchange: "NVS") announces that it has granted a total of 1,100,000 options to certain employees of the Company, including 125,000 options to one officer of the Company.  These incentive stock options are a key component in Novus' overall compensation package, and are utilized to attract and retain top performing individuals within each key discipline.Each option entitles the holder the right to acquire one common share of the Company at an exercise price of $0.81 per share and will expire five years from the date of issue. One quarter of the options vest every six months, with the first tranche vesting six months from the date of grant.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.For further information: Hugh G. Ross President and CEO Telephone:  403.263.4310 Fax:  403.263.4368              Ketan Panchmatia VP Finance and CFO Telephone:  403.263.4310 Fax:  403.263.4368