
Relentless Resources Announces Option Grant
Calgary, Alberta (FSCwire) - Relentless Resources Ltd. (“Relentless” or the “Company”) is pleased to announce that, pursuant to the terms and conditions of its stock option plan, it has granted, in the aggregate, 8,400,000 stock options to purchase common shares of Relentless (“Common Shares”) to the current directors and officers of the Company. The grant of options is for a five year term. The options vest immediately and are exercisable at a price of $0.05 per Common Share.
About Relentless Resources Ltd.
Relentless is a Calgary based emerging oil and natural gas company, engaged in the exploration, development, acquisition and production of natural gas and light gravity crude oil reserves in Alberta. Relentless’ Common Shares trade on the TSX Venture Exchange under the symbol RRL.
Relentless’ primary corporate objective is to achieve non-dilutive growth and enhance shareholder value through internal prospect development, strategic production acquisitions and prudent financial management.
For further information regarding this news release, please contact:
|
Dan Wilson, CEO Relentless Resources Ltd. Phone: (403) 532-4466 ext. 2 Fax: (587) 955-9668 E-mail: info@relentless-resources.com |
Ron Peshke, President Relentless Resources Ltd. Phone: (403) 532-4466 ext. 1 Fax: (587) 955-9668 E-mail: info@relentless-resources.com |
Website: www.relentless-resources.com
Cautionary Statements
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Relentless01112018.pdf
Source: Relentless Resources Ltd. (TSX Venture:RRL)
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