CALGARY and LONDON, UK, July 22 /CNW/ - Stratic Energy Corporation (TSX
Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has,
in the ordinary course of business and upon appointment of John van der Welle
as Chief Financial Officer and certain other officers and employees, granted
stock options to acquire up to 9,471,140 common shares of the Company to
directors, officers and employees of the Company, pursuant to the recently
re-approved stock option plan.
The exercise price of C$0.73 is equal to the volume weighted average
trading price of Stratic's shares on the TSX Venture Exchange over the last
five business days immediately preceding the grant of the options. The share
options will expire on July 21, 2018 and will vest in increments of 25% at
grant and thereafter every six months until fully vested by December 21, 2009.
The awards were made to the following individuals and groups of
Kevin Watts, President and Chief Executive and director 3,000,000
John van der Welle, Chief Financial Officer and director 2,500.000
Mark Bilsland, Chief Operating Officer and director 622,222
Other Officers 2,170,116
In the period from January 1, 2008, stock options over 1,887,310 shares
have lapsed unexercised, and a further 2,500,000 options awarded to Stratic's
former Chief Financial Officer are due to lapse on August 8, 2008.
Stratic currently has 272,625,224 common shares issued and outstanding.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
For further information:
For further information: Kevin Watts, Chief Executive, +44 20 7766 7900;
Patrick d'Ancona, M: Communications, +44 20 7153 1547; Canadian Investor
Relations, Roger Fullerton, (952) 929-7243, Email:
email@example.com; Website: www.straticenergy.com