Altura Energy Inc.
TSX VENTURE : ATU

Altura Energy Inc.

November 30, 2015 18:41 ET

Altura Energy Inc. Announces Issuance of Stock Options

CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Altura Energy Inc. ("Altura" or the "Corporation") (TSX VENTURE:ATU) announces that it has issued an aggregate of 3,950,000 stock options ("Options") to directors and officers of the Corporation in accordance with Altura's shareholder approved stock option plan. The Options are exercisable at $0.3375 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the date of granting.

Upon the granting of the Options described above, Altura will have 3,950,000 Options outstanding, which represents approximately 3.6 percent of the 108,920,973 common shares of the Corporation currently outstanding. Altura's stock option plan limits the issuance of Options to no more than 10 percent of the outstanding common shares.

About Altura Energy Inc.

Altura Energy Inc. is a public oil and gas corporation active in the exploration and development of oil and natural gas in east central 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.

Contact Information

  • Altura Energy Inc.
    David Burghardt
    President and Chief Executive Officer
    Direct (403) 984-5195

    Altura Energy Inc.
    Tavis Carlson
    Vice President, Finance and Chief Financial Officer
    Direct (403) 984-5196

    Altura Energy Inc.
    200, 640 - 5th Avenue SW
    Calgary, Alberta T2P 3G4
    (403) 984-5197
    www.alturaenergy.ca