Mapan Energy Ltd.

February 02, 2015 17:31 ET

Mapan Energy Ltd. Announces Grant of Options

CALGARY, ALBERTA--(Marketwired - Feb. 2, 2015) - Mapan Energy Ltd. ("Mapan") (TSX VENTURE:MPG) announces that the company's board of directors have granted options to an officer of Mapan to acquire an aggregate of 250,000 common shares of Mapan at a price of $1.30 per share pursuant to Mapan's share option plan. The options vest as to one-third on each of the first, second and third anniversaries of the date of grant, and have a term of 5 years. Mapan currently has 71,420,395 common shares outstanding.

Neither the TSX Venture Exchange nor its Regulation Service 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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