Petrox Resources Corp.
TSX VENTURE : PTC

Petrox Resources Corp.

October 29, 2013 13:02 ET

Petrox Announces the Granting of Stock Options

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Petrox Resources Corp. (TSX VENTURE:PTC) ("Petrox" or the "Corporation") announces that it has today issued an aggregate of 1,175,000 incentive stock options ("Options") in accordance with the Corporation's stock option plan to a number of its directors and officers. Each option, vesting immediately upon grant, entitles the holder thereof to purchase one common share in the capital of Petrox at a price of $0.12 per share until October 29, 2018. The stock options and any common shares issued upon exercise thereof will be subject to a four month resale restriction from the date of grant.

Neither 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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Contact Information

  • Petrox Resources Corp.
    Glenn Cartier, President and CEO
    Alan Chan, CFO
    (403) 270-2290 or (403) 237-8330
    (403) 270-2292 (FAX)
    www.petroxresources.ca