Canamax Energy Ltd.

TSX VENTURE : CAC


Canamax Energy Ltd.

May 05, 2014 18:00 ET

Canamax Announces Grant of Options

CALGARY, ALBERTA--(Marketwired - May 5, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE:CAC) is pleased to announce that the Board of Directors of the Company has today approved a resolution to grant an aggregate of 110,000 share purchase options ("Options") to a newly appointed director of the Company pursuant to the Company's Stock Option Plan. The Options have an exercise price of $1.42 and have a term of 5 years, with one-third of the Options vesting immediately and one-third of the Options vesting on each of the first and second anniversaries of the grant.

About Canamax

Canamax is a junior oil and gas company in the business of consolidating micro-cap junior oil and gas companies and exploiting low risk development opportunities in the Western Sedimentary Basin.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canamax Energy Ltd.
    Brad Gabel
    President & CEO
    (587) 349-5186

    Canamax Energy Ltd.
    Chris Martin
    Vice President, Finance & CFO
    (587) 349-5186