CALGARY, June 8, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) has granted 6,159,500 stock options to directors, officers, employees and consultants of Ikkuma at an exercise price of $0.86. The exercise price of the stock options is the same as the exercise price of the warrants issued by the Corporation in connection with its $45 million second lien senior secured loan facility, which was announced on May 25, 2017.
The stock options have been granted pursuant to Ikkuma's 10% rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, Ikkuma will have a total of 6,960,200 stock options outstanding, representing approximately 7.4% of its issued and outstanding common shares.
About Ikkuma Resources Corp.
Ikkuma Resources Corp. is a diversified junior public oil and gas company listed on the TSX Venture Exchange under the symbol "IKM", with holdings in both conventional and unconventional projects in Western Canada. The technical team has worked together for over a decade in the Foothills Region of Western Canada, through two successful, publicly traded companies. The unique skills and repeat success at exploiting a complex, potentially prolific play type are fundamental ingredients for a successful growth-oriented company in Western Canada. Corporate information can be found at: www.ikkumarescorp.com.
NEITHER 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 THIS RELEASE.
SOURCE Ikkuma Resources Corp.
For further information: Tim de Freitas, President & CEO; Carrie Yuill, VP Finance & CFO; Ikkuma Resources Corp., 2700, 605 - 5th Avenue SW, Calgary, AB, T2P 3H5, Phone: 403-261-5900, Fax : 403-261-5902