CALGARY and LONDON, June 16 /CNW/ - Stratic Energy Corporation (TSX
Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has,
in the ordinary course of business granted stock options to employees to
acquire up to 2,950,000 common shares of the Company under its stock option
plan. None of these options were granted to directors, officers, senior
employees or other insiders.
The exercise price of C$0.30 represents 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 June 15, 2019 and will vest in increments of 25% at
grant and thereafter every six months until fully vested by December 16, 2010.
To enable these awards to be made, the President and Chief Executive,
Kevin Watts, has waived all rights to 3,000,000 options priced between C$1.22
and C$1.35, and the Chairman, Sir Graham Hearne, has waived all rights to
1,000,000 options priced at C$1.20. The individuals concerned have taken this
step because they believe it is vitally important that the company's support
staff, who have played a key role in keeping the Company running over the last
twelve months, should benefit in a meaningful way in Stratic's recovery.
Stratic currently has 272,635,224 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