Octant Energy Corp.

July 13, 2012 09:00 ET

Octant Energy Corp. Announces Option Grant

CALGARY, ALBERTA and DUBAI, UNITED ARAB EMIRATES--(Marketwire - July 13, 2012) - Octant Energy Corp. ("Octant" or the "Corporation") (TSX VENTURE:OEL) has approved the grant of 6,300,000 stock options to eligible participants (a total of 4,500,000 of these stock options were approved for grant to directors and officers of the Corporation). The options will be granted at an exercise price of $0.10 per Common Share and, subject to the Option Plan, will expire five years from the date of grant. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policies are available for the granting of the options.

About The Corporation

The Corporation is a public oil and gas company engaged in the acquisition, exploration and development of petroleum and natural gas assets in Africa and North America.

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 press release.

Contact Information

  • Octant Energy Corp.
    Richard Schmitt
    President, CEO & Director
    North America Telephone: + 1403 470 6591
    International: +971 50 640 3380

    Octant Energy Corp.
    Chris McLean
    Non Executive Chairman and Director
    North America Telephone: + 1 403 532-3106