CALGARY and LONDON, June 5 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has, in the ordinary course of business granted stock options to directors, officers and employees to acquire up to 5,175,000 common shares of the Company to directors, officers and employees of the Company under its stock option plan.
The exercise price of C$0.30 represents an 21.4% premium over to the volume weighted average trading price of Stratic's shares on the TSX Venture Exchange over the last five business days immediately preceding the grant of the options. The share options will expire on June 4, 2019 and will vest in increments of 25% at grant and thereafter every six months until fully vested by December 5, 2010.
The awards were made to the following individuals and groups of individuals:
John van der Welle, Chief Financial Officer and director 750,000 Mark Bilsland, Chief Operating Officer and director 1,050,000 Other Officers 2,325,000 Employees 1,050,000
Stratic currently has 272,635,224 common shares issued and outstanding.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.