CALGARY, ALBERTA--(Marketwire - Nov. 3, 2011) - Sundance Energy Corporation ("Sundance Energy") (TSX VENTURE:SNY) (OTCQX:SNYXF) announces that, subject to regulatory approval, it has granted a total of 2,275,000 options to purchase common shares of the Corporation ("Options") to directors, officers and consultants in accordance with Sundance Energy's stock option plan. The Options expire 5 years from the date of grant for directors and offices and 3 years from the date of grant for consultants. In addition, all Options vest immediately and have an exercise price of $0.25 per common share. Of these Options, 1,450,000 were granted to directors and officers of Sundance Energy and 825,000 Options were granted to consultants of Sundance Energy.
Sundance Energy has determined that the exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the Options to the directors and officers of Sundance Energy (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).
About Sundance Energy
Sundance Energy's primary focus is exploring for petroleum and natural gas on First Nation Lands in Western Canada.
Cautionary Statement 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
Contact Information:
Jeffrey Standen
President/CEO
(403) 538-8446
(403) 228-7759 (FAX)
jeff@sundance-energy.ca
www.sundance-energy.ca