REG - Valeura Energy Inc. - VALEURA ENERGY ANNOUNCES ISSUANCE OF STOCK OPTIONS

Valeura EnergyAnnouncement

19/03/2020 07:00

RNS Number : 7104G
  
Valeura Energy Inc.
  
19 March 2020
  
 

 
VALEURA ENERGY ANNOUNCES ISSUANCE OF STOCK OPTIONS
Calgary, March 19, 2020: Valeura Energy Inc. (TSX:VLE, LSE:VLU) ("Valeura" or the "Company"), the upstream natural gas company focused on the Thrace Basin of Turkey, announces that on March 17, 2020 it issued an aggregate of 2,795,000 incentive stock options to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company.  The stock options are exercisable for a period of seven years at an exercise price of C$0.25 per share and will vest over a period of three years.  The stock options were granted in accordance with the terms of the Company's stock option plan, which has been approved by the Company's shareholders and the TSX.  
Certain persons discharging managerial responsibilities ("PDMR") were recipients of stock options as detailed below.  



PDMR


Position


Volume




Sean Guest


Executive Director, President and Chief Executive Officer


550,000




Heather Campbell


Chief Financial Officer


325,000




Peter Sider


Chief Operating Officer


325,000




Gordon Begg


Vice President, Commercial


325,000




Rob Sadownyk


Vice President, Exploration


220,000




Tim Marchant


Non-Executive Chairman


100,000




Russell Hiscock


Non-Executive Director


100,000




Jim McFarland


Non-Executive Director


100,000




Ron Royal


Non-Executive Director


100,000




Kimberley Wood


Non-Executive Director


100,000



For further information please contact: 
Valeura Energy Inc. (General and Investor Enquiries)                     +1 403 237 7102

Sean Guest, President and CEO

Heather Campbell, CFO

Robin Martin, Investor Relations Manager
 Contact@valeuraenergy.com, IR@valeuraenergy.com 
Canaccord Genuity Limited (Corporate Broker)                              +44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor, James Asensio
CAMARCO (Public Relations, Media Adviser)                               +44 (0) 20 3757 4980

Owen Roberts, Monique Perks, Hugo Liddy, Billy Clegg
Valeura@camarco.co.uk 
This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 




 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


William Sean Guest




2.       


Reason for the notification




a)


Position/status:


Chief Executive Officer




b)


Initial notification/Amendment:


Initial Notification




3.       


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


550,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
550,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Heather Campbell




2.       


Reason for the notification




a)


Position/status:


Chief Financial Officer




b)


Initial notification/Amendment:


Initial Notification




3.       


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


325,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
325,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Peter Sider




2.       


Reason for the notification




a)


Position/status:


Chief Operating  Officer




b)


Initial notification/Amendment:


Initial Notification




3.       


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares of Valeura Energy Inc.
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


325,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
325,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Gord Begg




2.       


Reason for the notification




a)


Position/status:


Vice President, Commercial




b)


Initial notification/Amendment:


Initial Notification




3.       


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


325,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
325,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Rob Sadownyk




2.       


Reason for the notification




a)


Position/status:


Vice President, Exploration




b)


Initial notification/Amendment:


Initial Notification




3.       


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


220,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
220,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Timothy R. Marchant




2.       


Reason for the 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


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


100,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
100,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Russell Hiscock




2.       


Reason for the 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


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


100,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
100,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 
 
 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


James D. McFarland




2.       


Reason for the 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


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


100,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
100,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 
 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Ron Royal




2.       


Reason for the 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


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


100,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
100,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 




 
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS



 1.       


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Kimberley Wood




2.       


Reason for the 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


Valeura Energy Inc.
 




b)


LEI:


2549003ZBCOPPO06GY48 




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:
Identification code:


Common shares 
 
 
ISIN: CA9191444020




b)


Nature of the transaction:


Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




C$0.00


100,000








d)


Aggregated information:
-     Aggregated volume
-     Price


 
100,000

C$0.00
 




e)


Date of the transaction:


March 17, 2020




f)


Place of the transaction:


Outside of trading venue



 


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