Veraz Petroleum Ltd.

Veraz Petroleum Ltd.

July 22, 2016 18:13 ET

Veraz Petroleum Issues Stock Options

CALGARY, ALBERTA--(Marketwired - July 22, 2016) - Veraz Petroleum Ltd. ("Veraz" or the "Company") (NEX:VRZ.H) announced that it has issued 1,650,000 stock options to directors, officers, employees and consultants of the Company in accordance with the Company's shareholder approved stock option plan. The stock options are exercisable at a price of $0.07 per share, expire in five years and vest over a period of three years, with 1/3 of the Options vesting at the end of each year period following the date of grant.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The common shares of Veraz will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or applicable exemption therefrom.

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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