Jadestone Announces Issuance of Stock Options

RNS Number : 3901J

Jadestone Energy Inc.

29 March 2018

 

Jadestone Energy Announces Issuance of Stock Options

March 29, 2018 - Singapore: Jadestone Energy Inc. (TSXV:JSE) (the "Company") is pleased to announce that it has issued an aggregate of 3,000,000 incentive stock options to a number of employees, officers and directors, and a consultant engaged in investor relations activities on behalf of the Company, exercisable for a period of ten years at an exercise price of C$0.50 per share.  The stock options will vest over a period of three years and were granted in accordance with the terms of the Company's stock option plan, which has been approved by the Company's shareholders and the TSX Venture Exchange.

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About Jadestone Energy Inc.
Jadestone Energy Inc. is a TSX-V listed oil and gas company headquartered in Singapore.  The Company is currently engaged in production, development and exploration and appraisal activities in Australia, Indonesia, Vietnam and the Philippines.  Following a recent strategic review, the Company is focusing on acquiring assets with production in the near term, and where significant follow-on reinvestment opportunities exist to enhance value, as well as undeveloped discoveries which may be rapidly brought to production.

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.

 

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