Loon Energy Corporation

TSX VENTURE : LNE


Loon Energy Corporation

October 25, 2012 18:45 ET

Loon Energy Corporation: Grant of Options

CALGARY, ALBERTA--(Marketwire - Oct. 25, 2012) - Loon Energy Corporation (TSX VENTURE:LNE) ("Loon") announces that it has granted options to purchase 411,000 common shares of Loon at an exercise price of $0.10 per common share. They were granted pursuant to the terms of the Stock Option Plan of Loon and 68,000 of the options were granted to officers and directors. The options vest one-third on the date of grant and one-third on each of the first and second anniversaries of the date of grant and have a term of five years.

Contact Information

  • Loon Energy Corporation
    Norman W. Holton
    President & Chief Executive Officer
    (403) 264-8877
    nholton@loonenergy.com