Press release from CNW Group
Sea Dragon Energy Inc. - Re-issuance of Stock Options
Friday, October 11, 2013
Sea Dragon Energy Inc. - Re-issuance of Stock Options16:35 EDT Friday, October 11, 2013
/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.
For further information:
Chairman and Director
Tel: +1 (403) 457 5035
Chief Financial Officer and Director
Tel: +44 (0) 203 219 5640
Pelham Bell Pottinger (Financial PR)
Philip Dennis / Joanna Boon
Tel: +44 (0) 207 861 3232
Brisco Capital Partners Corp. (Investor Relations)
Tel: +1 (403) 262 9888