LONDON, Dec. 1, 2015 /CNW/ - SDX Energy Inc. ("SDX" or the "Company") (TSX VENTURE: SDX) announces that it has granted stock options to purchase up to 2,400,000 common shares of the Corporation ("Common Shares") to directors and officers of the Corporation and stock options to purchase up to an additional 150,000 Common Shares to certain employees of the Corporation. The options have an exercise price of $0.63 per Common Share, being the closing trading price of the Common Shares on the TSX Venture Exchange on November 30, 2015, and expire on November 30, 2020.
SDX is an international exploration, production and development company, headquartered in London, England, UK, with a principal focus on Egypt. In Egypt, SDX has an interest in two production concessions: NW Gemsa and West Gharib both located in the Eastern desert. SDX's portfolio also consists of South Ramadan, a development asset in the Gulf of Suez; South Disouq, an exploration asset in the Nile Delta; and West Bakassi, an exploration block in Cameroon within the prolific Niger Delta Basin.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, in any province or territory of Canada or in any other jurisdiction.
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 THE RELEASE.
SOURCE SDX Energy Inc.
For further information: SDX Energy Inc., Paul Welch, President and Chief Executive Officer, Tel (London Head Office): +44 203 219 5640, Buchanan (PR); Ben Romney/Madeleine Seacombe, Tel: +44 207 466 5000