CALGARY, Feb. 17 /CNW/ - Bolivar Energy Corp. ("Bolivar" or "the Company") (TSXV: BVR) announced today that the Board of Directors approved the grant of
21,000,000 stock options to directors, officers, employees and
consultants of the Company at an exercise price of $0.18 per share. The
options have a five-year term and vest in thirds, with one-third
vesting immediately, and one-third vesting on each of the first and
second anniversaries of the grant date.
About Bolivar Energy Corp.
Bolivar Energy Corp. is an early stage exploration company active in the Llanos Basin in Colombia, and trading on the TSX Venture Exchange
under the symbol "BVR".
SOURCE Bolivar Energy Corp.
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