CALGARY, Dec. 7 /CNW/ - Tango Energy Inc. ("Tango") has announced the
grant of an aggregate of 595,000 options to eligible participants pursuant to
its shareholder approved Stock Option Plan. All of the options are exercisable
for a five-year term at $0.62 per common share, and vest over three years from
the date of grant. Of the options granted, 380,000 are to directors and
officers, with the remaining grants to employees and consultants. Following
today's grant, 1,730,689 common shares remain reserved for issuance pursuant
to Tango's Stock Option Plan.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Statements 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.
