CALGARY, Dec. 22 /CNW/ - Tango Energy Inc. ("Tango") has announced the grant of an aggregate of 1,310,000 options to eligible participants pursuant to its shareholder approved Stock Option Plan. All of the options are exercisable for a five-year term at $0.79 per common share, and vest over three years from the date of grant. Of the options granted, 1,060,000 are to directors and officers, with the remaining grants to employees and consultants. Following today's grant, 792,962 common shares remain reserved for issuance pursuant to Tango's Stock Option Plan.
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in this regard may constitute forward looking statements. Such forward-
looking statements include risks, uncertainties and other factors which
may cause actual results, performance or achievements of Tango to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Tango does not
undertake to update any of such forward-looking statements.
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