Pan Orient Energy Corp.: Grant of Stock Options
December 02 2013 - 8:30AM
Marketwired
Pan Orient Energy Corp.: Grant of Stock Options
CALGARY, ALBERTA--(Marketwired - Dec 2, 2013) -
Pan Orient Energy Corp. ("Pan Orient" or the "Corporation")
(TSX-VENTURE:POE) announced today that it granted options to
purchase 1,186,000 common shares under Pan Orient's stock option
plan, of which 1,150,000 were granted to directors and officers.
Each option has an exercise price of $1.92 (being the November 29,
2013 closing price of the shares on the TSX Venture Exchange),
vests as to 1/3 on the grant date and 1/3 on each of the first and
second anniversaries of the grant date and expires on December 1,
2018.
With regard to recent events in Thailand, Pan Orient's
operations have not been impacted in any meaningful way, nor is it
anticipated that they will be in the foreseeable future.
Pan Orient is a Calgary, Alberta based oil and gas
exploration and production company with operations currently
located onshore Thailand, Indonesia and in Western Canada.
This press release contains forward-looking information.
Forward-looking information is generally identifiable by the
terminology used, such as "plan", "intend", "expect", "believe",
"estimate", "should", "anticipate" and "potential" or other similar
wording. Forward-looking information in this press release
includes, but is not limited to the vesting and expiry dates of
stock options. By its very nature, the forward-looking information
contained in this press release requires Pan Orient and its
management to make assumptions that may not materialize or that may
not be accurate. In addition, the forward-looking information
contained in this press release is subject to known and unknown
risks and uncertainties and other factors, some of which are beyond
the control of Pan Orient, which could cause actual results,
expectations, achievements or performance to differ materially.
Although Pan Orient believes that the expectations reflected in its
forward-looking information are reasonable, it can give no
assurances that those expectations will prove to be correct. Pan
Orient undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable 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.
Pan Orient Energy Corp.Jeff ChisholmPresident and CEO (located
in Bangkok, Thailand)jeff@panorient.caPan Orient Energy Corp.Bill
OstlundVice President Finance and CFO(403)
294-1770www.panorient.ca
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