CALGARY, April 27, 2012 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has granted a total of 1,430,000 options to directors, officers, and employees, of which 1,250,000 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 $0.25 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 3,539,500 Class A Shares of the Corporation, or approximately 9.9% of the Corporation's issued and outstanding Class A and Class B 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 and Class B Shares of Hawk trade on the TSX Venture Exchange under the trading symbols of HWK.A and HWK.B, respectively.
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.
For further information:
Chief Financial Officer
Tel: (403) 264-0191 Ext 234
Email: [email protected]