Jadestone Announces Issuance of Stock Options

RNS Number : 7571Z

Jadestone Energy Inc.

19 December 2017

 

Jadestone Energy Announces Issuance of Stock Options

Singapore, December 19, 2017: Jadestone Energy Inc. (TSXV: JSE) (the "Company") announces that it has issued 175,000 stock options to Dennis McShane, exercisable for a period of ten years at an exercise price of C$0.45 per share. The stock options were granted in connection with Mr. McShane's recent appointment as Non-Executive Chairman of the board and 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.

The Company believes long-term incentives, such as stock options, more closely align the objectives of employees and directors with shareholders, and are an excellent way to ensure the entire organisation remains focussed on generating value for all shareholders.

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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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