CALGARY, Aug. 27, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the
"Corporation") announces that it has granted a total of 1,455,000
options to directors, officers, employees and consultants, of which
1,315,000 were granted to directors and executive officers. Each option
entitles the holder the right to acquire one Class A Share of the
Corporation at an exercise price of $0.41 per Class A Share and expires
ten years from the date of issue. The options vest equally over a three
year period on the first, second and third anniversary from the date of
grant. There are now options outstanding to purchase a total of
4,526,500 Class A Shares of the Corporation, or approximately 9.9% of
the Corporation's issued and outstanding Class A Shares.
Hawk is an emerging exploration company engaged in the exploration,
development and production of conventional crude oil and natural gas in
western Canada and is based in Calgary, Alberta. The Class A Shares of
Hawk trade on the TSX Venture Exchange under the trading symbols of
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as the term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Hawk Exploration Ltd.
For further information:
President, CEO and Chairman
Tel: (403) 264-0191 Ext 225
Chief Financial Officer
Tel: (403) 264-0191 Ext 234