Cub Energy announces grant of stock options

Wednesday, July 24, 2013      
 
  • Each optionee, on a pro rata basis, will be entitled to exercise 25% of the options granted at a price of $0.30 and 75% at a price of $0.40.

Cub Energy Inc. (TSX VENTURE:KUB) reports that the Board of Directors has granted options to acquire an aggregate of 17,855,000 common shares of Cub to directors, officers, employees and consultants of the Company in accordance with the Company's stock option plan.

Each optionee, on a pro rata basis, will be entitled to exercise 25% of the options granted at a price of $0.30 and 75% at a price of $0.40. The term of the options granted is for a period of five years from date of grant and a two-year vesting period with 12.5% of the grants vesting every three months. The options were granted pursuant to Cub's stock option plan and subject to regulatory approval.

Following the grant of the options described in this news release, the issued capital of Cub is as follows:

Security Type No. Of Shares
Common Shares 311,746,352
Options 23,979,451
Warrants 11,040,305
Fully Diluted 346,766,108


 

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Article Tags

Cub Energy Inc United States North America Finance


This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More


Related News


Upcoming OilVoice Training Course

Introduction to Oil and Gas Exploration and Production
This module is designed for people interested in the exploration and production of oil and gas who do not have a subsurface technical background. It provides an introduction to geology and geophysics for non-geoscientists, with an emphasis on the latest interpretation techniques, showing oilfield ex...
London - 18 Nov


Trainer
Helen Turnell

Cost
£500

Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all


Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you

Engineers & Scientists Munich and The Hague

Senior HSE Engineer United Arab Emirates

PMC HSE Manager United Arab Emirates

Offshore Safety Officer Abu Dhabi

Project Engineer United Arab Emirates

Site Supervisor - DR Congo Democratic Republic of the Congo

Field Operator - Saudi Arabia Saudi Arabia


OilVoice Training All upcoming


About

OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Newsletter

Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us


Stay Connected


2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us