more news Released : 13-Jul-2017 11:30
RNS Number : 9717K
SDX Energy Inc.
13 July 2017
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
13 July 2017
SDX ENERGY INC.
("SDX" or the "Company")
Grant of stock options to Non-Executive Directors
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company announces that it has granted stock options to purchase up to 160,000 common shares of the Company ("Common Shares"), to each of its Non-executive Directors.
Details of the stock options granted and the associated exercise prices, being the share price at the close of trading on the TSX Venture Exchange in Toronto and the AIM Market in London on July 12, 2017 are shown below. The stock options vest over three years and expire on July 12, 2022.
| Non-executive Director | Options granted | Exercise price |
| | | |
| Michael Doyle | 160,000 | CAD$ 0.76 |
| David Mitchell | 160,000 | CAD$ 0.76 |
| David Richards | 160,000 | CAD$ 0.76 |
| Michael Raynes | 160,000 | £0.46 |
About SDX
SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. It also has a 55% operated working interest in the South Disouq concession, located in the Nile Delta, where a gas discovery was made by the SD-1X well in 2017. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX's portfolio also includes high impact exploration opportunities in both Egypt and Morocco.
For further information, please see the website of the Company at www.sdxenergy.com or the Company's filed documents at www.sedar.com.
For further information:
| SDX Energy Inc. Paul Welch President and Chief Executive Officer Tel: +44 203 219 5640 | Mark Reid Chief Financial Officer Tel: +44 203 219 5640 |
| Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Sarah Wharry/Craig Francis Tel: +44 207 7894 7000 |
| GMP FirstEnergy (Joint Broker) Jonathan Wright/David van Erp Tel: +44 207 448 0200 |
| Celicourt (PR) Mark Antelme/Joanna Boon/Jimmy Lea Tel: +44 207 520 9260 |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This information is provided by RNS
The company news service from the London Stock Exchange
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