Business
FALCON OIL & GAS LTD. ANNOUNCES THE GRANTING OF STOCK OPTIONS
May 23, 2011 (Canada NewsWire Group) -- (TSXV Symbol:  FO) DENVER, CO, May 23, 201...

About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"\n\n\n May 23, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n(TSXV Symbol:  FO)\n\n\nDENVER, CO, May 23, 2011 /CNW/ - Falcon Oil & Gas Ltd. (TSXV: FO)\n announced today that, under the stock option plan approved at Falcon's\n annual and special shareholders meeting held on December 14, 2010, it\n has granted incentive stock options to purchase an aggregate of\n 17,660,000 common shares of Falcon to a number of recipients including\n directors, officers, employees and consultants. The stock option grants\n are all subject to regulatory approval.\n\n\nTerms of the options include an exercise price of $0.145 per share, a\n vesting schedule allowing for 1/3 of the options to vest immediately\n with an additional 1/3 vesting each subsequent year until the options\n are fully vested on May 23, 2013, and an expiry date of the options of\n May 23, 2016.\n\n\nA maximum of 10% of the issued and outstanding shares of Falcon are\n reserved for issuance pursuant to Falcon's stock option plan.\n\n\nAbout Falcon Oil & Gas Ltd.\n\n\nFalcon Oil & Gas Ltd. is an international oil and gas exploration and\n production company, headquartered in Denver, Colorado, incorporated in\n British Columbia, Canada, and trading on the TSX Venture Exchange under\n the symbol "FO." The company specializes in the business of\n unconventional and conventional oil and gas exploration and production\n and holds interests in prospective properties in Australia, Hungary,\n and South Africa. ...