Razor Energy Corp. Announces Grant of Incentive Stock Options
February 09 2022 - 9:26PM
Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces
that its board of directors (the "Board") has approved the granting
of 816,000 incentive stock options ("Options") to acquire common
shares ("Common Shares") of the Company under its stock option
plan. An aggregate of 631,000 Options were granted to certain of
its directors and officers and 185,000 Options were granted to
certain of its employees (collectively, the "Option Grant").
All of the Options are exercisable for a period
of five years at an exercise price of $1.00 per Common Share, which
is a premium to the last closing price of $0.95 of the Common
Shares on the TSXV. One-third of the Options will vest on the date
that is one year after the date of the grant of such Options and
the remainder will vest one-third per year thereafter.
About RazorRazor is a publicly
traded junior oil and gas development and production company
headquartered in Calgary, Alberta, concentrated on acquiring, and
subsequently enhancing, and producing oil and gas from properties
primarily in Alberta. The Company is led by experienced management
and a strong, committed Board of Directors, with a long-term vision
of growth focused on efficiency and cost control in all areas of
the business. Razor currently trades on TSX Venture Exchange under
the ticker “RZE.V”. www.razor-energy.com
About FutEraFutEra leverages
Alberta’s resource industry innovation and experience to create
transitional power and sustainable infrastructure solutions to
commercial markets and communities, both in Canada and globally.
Currently, it is developing a 21 MW co-produced geothermal and
natural gas hybrid power project in Swan Hills,
Alberta.www.futerapower.com
About BladeBlade Energy
Services is a subsidiary of Razor. Operating in west central
Alberta, Blade’s primary services include fluid hauling, road
maintenance, earth works including well site reclamation and other
oilfield services.www.blade-es.com
For additional information please contact:
Doug Bailey |
Kevin Braun |
President and Chief Executive
Officer |
Chief Financial Officer |
Razor Energy Corp.800, 500-5th
Ave SW Calgary, Alberta T2P 3L5Telephone: (403) 262-0242 |
READER
ADVISORIES
FORWARD-LOOKING STATEMENTS:
This press release contains certain statements that may be deemed
to be forward-looking statements. Such statements relate to the
granting of Options under the Company’s stock option plan. All
statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
“anticipate”, “believe”, "expect", “plan”, “estimate”, “potential”,
“will”, “should”, “continue”, “may”, “objective” and similar
expressions. The forward-looking statements are based on certain
key expectations and assumptions made by the Company, including but
not limited to expectations and assumptions concerning the
availability of capital, current legislation, receipt of required
regulatory approvals, the timely performance by third-parties of
contractual obligation, the success of future drilling and
development activities, the performance of existing wells, the
performance of new wells, the Company’s growth strategy, general
economic conditions, availability of required equipment and
services prevailing commodity prices, price volatility, price
differentials and the actual prices received for the Company's
products. Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-
looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. These include, but are not
limited to, risks associated with the oil and gas industry and
geothermal electricity projects in general (e.g., operational risks
in development, exploration and production; delays or changes in
plans with respect to exploration or development projects or
capital expenditures; variability in geothermal resources; as the
uncertainty of reserve estimates; the uncertainty of estimates and
projections relating to production, costs and expenses, and health,
safety and environmental risks), electricity and commodity price
and exchange rate fluctuations, changes in legislation affecting
the oil and gas and geothermal industries and uncertainties
resulting from potential delays or changes in plans with respect to
exploration or development projects or capital expenditures. In
addition, the Company cautions that COVID-19 may continue to have a
material adverse effect on global economic activity and worldwide
demand for certain commodities, including crude oil, natural gas
and NGL, and may continue to result in volatility and disruption to
global supply chains, operations, mobility of people and the
financial markets, which could continue to affect commodity prices,
interest rates, credit ratings, credit risk, inflation, business,
financial conditions, results of operations and other factors
relevant to the Company. The duration of the current commodity
price volatility is uncertain. Please refer to the risk factors
identified in the annual information form and management discussion
and analysis of the Company which are available on SEDAR at
www.sedar.com. The forward-looking statements contained in this
press release are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
Neither the
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
news release.
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