Typhoon Exploration Inc.

TSX VENTURE : TYP


Typhoon Exploration Inc.

May 09, 2014 10:46 ET

Typhoon Exploration: Amendment to Stock Option Plan

LAVAL, CANADA--(Marketwired - May 9, 2014) - TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) announces that subject to the approval of the TSX Venture Exchange and of a majority of disinterested shareholders of the company at the annual and special meeting of shareholders scheduled for June 25th, 2014, the Board of Directors has agreed to modify the stock option plan of Typhoon (the "Plan"), in order to increase the number of Class "A" shares that may be issued pursuant to the Plan from 1,901,675 to 5,941,358, or 20% of the 29,706,791 class "A" currently issued and outstanding shares, provided that no option granted under the amended plan may be exercised prior to obtaining all of these approvals.

ABOUT TYPHOON EXPLORATION INC.

- Typhoon Exploration Inc. only has 29,706,791 shares outstanding.

TSX VENTURE:TYP

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 release.

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