Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Granting Of Stock Options
19 Febrero 2021 - 1:00AM
UK Regulatory
TIDMFOG
Falcon Oil & Gas Ltd.
("Falcon", "Company")
Granting of stock options
19 February 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces
that on 18 February 2021 it granted incentive stock options ("Options")
to purchase an aggregate of 38,000,000 common shares of Falcon to a
number of recipients, including directors and officers under the stock
option plan approved at Falcon's annual shareholders meeting held on 10
December 2020.
The Options were granted at an exercise price of GBPGBP0.08 (equivalent
to CDN$0.14) and GBPGBP0.12 (equivalent to CDN$0.21) respectively,
details are included in the table below:
Number of Number of Total number of
Options granted Options granted Options
Name at GBPGBP0.08 at GBPGBP0.12 held after grant
JoAchim Conrad -- Non
- Executive Chairman 1,000,000 1,000,000 2,000,000
Philip O'Quigley --
CEO 10,000,000 10,000,000 20,000,000
Anne Flynn -- CFO 5,000,000 - 11,000,000
Daryl Gilbert -- Non
- Executive Director 1,000,000 1,000,000 2,000,000
Gregory Smith -- Non
- Executive Director 1,000,000 1,000,000 2,000,000
Maxim Mayorets -- Non
- Executive Director 1,000,000 1,000,000 2,000,000
The remaining 5,000,000 Options were granted to a consultant of Falcon
and to a non-executive director of Falcon Oil & Gas Australia Limited,
with 2,500,000 at an exercise price of GBPGBP0.08 and a further
2,500,000 at an exercise price of GBPGBP0.12.
All of the Options granted have a vesting schedule allowing for 1/3 of
the Options to vest immediately with an additional 1/3 vesting on each
subsequent anniversary until the Options are fully vested on 18 February
2023. The Options have an expiry date of 17 February 2026.
After this grant, there are 44,000,000 Options outstanding, representing
4.48% of the issued and outstanding common shares of Falcon.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn, CFO +353 1 676 9162
Cenkos Securities plc (NOMAD &
Broker)
Neil McDonald / Derrick Lee +44 131 220 9771
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in
the exploration and development of unconventional oil and gas assets,
with the current portfolio focused in Australia, South Africa and
Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia,
Canada and headquartered in Dublin, Ireland with a technical team based
in Budapest, Hungary.
Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil
& Gas Ltd.
For further information on Falcon Oil & Gas Ltd. please visit
https://www.globenewswire.com/Tracker?data=E9KfLTI6QhFMZ9k3mGvD2b7R27UKhdgk5cvSLwO9igt6xya9-46pUkpVmH41HuBQR0-PSV_9lbcXHR69-AIrd_jRjxBAlvIT_AmO-hQewTg=
www.falconoilandgas.com
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 this release.
Certain information in this press release may constitute forward-looking
information. This information is based on current expectations that are
subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested
in any forward-looking statements. Falcon assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.
Director / PDMR Shareholding
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name JoAchim Conrad
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status Non- Executive Chairman
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
AIM: FOG
----------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ---------- ---------------------------
GBPGBP0.08 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
GBPGBP0.12 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 18 February 2021
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name Philip O'Quigley
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status CEO
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
AIM: FOG
----------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ------------ -------------------------
GBPGBP0.08 Options in respect of
purchase an aggregate
of 10,000,000 common
shares in the Company
----------------------------------- ------------ -------------------------
GBPGBP0.12 Options in respect of
purchase an aggregate
of 10,000,000 common
shares in the Company
----------------------------------- ------------ -------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 18 February 2021
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name Anne Flynn
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status CFO
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
AIM: FOG
----------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ---------- ---------------------------
GBPGBP0.08 Options in respect of
purchase an aggregate
of 5,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 18 February 2021
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name Daryl Gilbert
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status Non - Executive Director
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
AIM: FOG
----------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ---------- ---------------------------
GBPGBP0.08 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
GBPGBP0.12 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 18 February 2021
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name Gregory Smith
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status Non - Executive Director
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
AIM: FOG
----------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ---------- ---------------------------
GBPGBP0.08 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
GBPGBP0.12 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 18 February 2021
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
----------------------------------- ---------------------------------------
a) Name Maxim Mayorets
----------------------------------- ---------------------------------------
2 Reason for notification
----------------------------------- ---------------------------------------
a) Position/Status Non - Executive Director
----------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
----------------------------------- ---------------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
----------------------------------- ---------------------------------------
a) Name Falcon Oil & Gas Ltd.
----------------------------------- ---------------------------------------
b) LEI 213800KQY87Z1KNPIM76
----------------------------------- ---------------------------------------
4 Details of the transaction(s):
section to be repeated for
(i) each type of instrument;
(ii) each type of transaction;
(iii) each date; and (iv)
each place where transactions
have been conducted
----------------------------------- ---------------------------------------
a) Description of the financial
instrument, type of instrument Options in respect of common shares
Identification code in the Company
AIM: FOG
----------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
----------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------- ---------- ---------------------------
GBPGBP0.08 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
GBPGBP0.12 Options in respect of
purchase an aggregate
of 1,000,000 common shares
in the Company
----------------------------------- ---------- ---------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
----------------------------------- ---------------------------------------
e) Date of the transaction 18 February 2021
----------------------------------- ---------------------------------------
f) Place of the transaction Outside an exchange
----------------------------------- ---------------------------------------
(END) Dow Jones Newswires
February 19, 2021 02:00 ET (07:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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