Stratic Energy Corporation - Grant of Share Options to Staff

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[{"type":"text","content":"\n\n\n\nCALGARY and LONDON, June 16 /CNW/ - Stratic Energy Corporation (TSX\nVenture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has,\nin the ordinary course of business granted stock options to employees to\nacquire up to 2,950,000 common shares of the Company under its stock option\nplan. None of these options were granted to directors, officers, senior\nemployees or other insiders.\n\n\nThe exercise price of C$0.30 represents the volume weighted average\ntrading price of Stratic's shares on the TSX Venture Exchange over the last\nfive business days immediately preceding the grant of the options. The share\noptions will expire on June 15, 2019 and will vest in increments of 25% at\ngrant and thereafter every six months until fully vested by December 16, 2010.\n\n\nTo enable these awards to be made, the President and Chief Executive,\nKevin Watts, has waived all rights to 3,000,000 options priced between C$1.22\nand C$1.35, and the Chairman, Sir Graham Hearne, has waived all rights to\n1,000,000 options priced at C$1.20. The individuals concerned have taken this\nstep because they believe it is vitally important that the company's support\nstaff, who have played a key role in keeping the Company running over the last\ntwelve months, should benefit in a meaningful way in Stratic's recovery.\n\n\nStratic currently has 272,635,224 common shares issued and outstanding.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of the contents of this\nrelease.\n\n\n","length":1655,"tagName":"div"}]

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