Questfire Energy Corp. Announces Incentive Share Option Issuance and Amendments to Outstanding Options
CALGARY, ALBERTA--(Marketwired - Nov. 20, 2015) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.
Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces that it has issued an aggregate of 275,000 options to directors, officers and consultants pursuant to its stock option plan, of which 240,000 were granted to directors and officers. The options have an exercise price of $1.00 per Class A Share and will expire on November 23, 2025.
Further, the Corporation announces that it will amend the exercise price of an aggregate of 935,000 outstanding stock options granted to certain employees and consultants of the Corporation to $1.00 per Class A Share. The existing options are currently priced between $1.25 and $2.60 per Class A Share. The amendment is subject to the acceptance of the TSX Venture Exchange.
About Questfire Energy Corp.
Questfire Energy Corp. is a junior oil and natural gas exploration and production company based in Calgary, Alberta.
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.
(November 20, 2015 - 5:56 PM EST)
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