Business
Kodiak Oil & Gas announces grant of stock options
Kodiak Oil & Gas announces grant of stock options.
About this update from Ko Gold, Inc.
[{"type":"text","content":"\n\n\n\n\nDENVER, April 17 /CNW/ - Kodiak Oil & Gas Corp. (TSX Venture: KOG;\nGGF.PK) announces today the grant of 1,300,000 incentive stock options to\ncertain directors and officers. The options were granted under the Company's\nIncentive Stock Option Plan and are exercisable at the price of Cdn$3.51 per\nshare for a period of five years from the date of the grant. The option price\nwas determined in accordance with the policies of the TSX Venture Exchange\nbased upon the last closing price of the common stock. Each director of the\nCompany was granted an option to acquire 100,000 shares which will vest\nimmediately. In addition, the two principal officers of the Company were each\ngranted an option to acquire 400,000 shares of which 100,000 vest immediately,\n150,000 shares would vest on April 1, 2007 and 150,000 would vest on April 1,\n2008.\n\nAbout Kodiak Oil & Gas Corp.\n----------------------------\nKodiak Oil & Gas, headquartered in Denver, is an independent energy\nexploration and development company focused on exploring, developing and\nproducing oil and natural gas in the Williston and Greater Green River Basins\nin the U.S. Rocky Mountains. The common shares of the Company are listed for\ntrading on the TSX Venture Exchange under the symbol \"KOG\" and the U.S. symbol\n\"KOGGF.\"\n\nForward-Looking Statements\n--------------------------\nThis press release includes statements that may constitute \n\"forward-looking\" statements, usually containing the words \"believe,\"\n\"estimate,\" \"project,\" \"expect\" or similar expressions, including the\nCompany's expectations regarding the amount of capital resources available to\nthe Company to fund its planned capital expenditures and the application of\nsuch capital resources; estimates of future production and reserves; and the\nCompany's expectations regarding the nature, timing and success of its\nexploration and drilling programs. These statements are made pursuant to the\nsafe harbor provisions of the Private Securities Litigation Reform Act of\n1995. Forward-looking statements inherently involve risks and uncertainties\nthat could cause actual results to differ materially from the forward-looking\nstatements. Factors that could cause or contribute to such differences\ninclude, but are not limited to, fluctuations in the prices of oil and gas;\nrisks in...