LYCOS ENERGY INC. ANNOUNCES STOCK OPTION GRANT

About this update from Lycos Energy Inc

[{"type":"text","content":"\n \n \n \n LYCOS ENERGY INC. ANNOUNCES STOCK OPTION GRANT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Jan. 25, 2023\n \n \n /CNW/ - Lycos Energy Inc. (\"\n \n Lycos\n \n \" or the \"\n \n Company\n \n \") (TSXV: LCX) is pleased to announce that as a part of the Company's long term incentive program, and pursuant to the terms and conditions of its stock option plan, the Lycos board of directors has approved the grant of 11,945,000 stock options to certain directors and officers. The options expire five years from the date of the grant and are exercisable at a price of\n \n $0.55\n \n per common share. The options vest as to one-third on each of the first, second and third anniversary of the grant date.\n \n \n \n About Lycos\n \n \n \n Lycos is an oil-focused, exploration, development and production company based in\n \n Calgary, Alberta\n \n , operating high-quality, heavy-oil, development assets in the\n \n Gull Lake\n \n area of southwest\n \n Saskatchewan\n \n and heavy-oil assets in the\n \n Lloydminster\n \n area.\n \n \n \n Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.\n \n \n \n SOURCE Lycos Energy Inc.\n \n \n \n \n \n \n View original content:\n \n http://www.newswire.ca/en/releases/archive/January2023/25/c3985.html\n \n \n \n \n\n","length":3256,"tagName":"div"}]

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