CALGARY,
AB, May 16, 2024 /CNW/ - Stampede Drilling
Inc. ("Stampede" or the "Company") (TSXV: SDI) announces that it
has granted an aggregate of 5,270,000 stock options ("Options") to
purchase common shares of the Company ("Common Shares") to
officers, employees and directors of the Company.
The Options were granted on May 16,
2024, and have a term of five years from the date of grant,
with one quarter of the Options vesting on the day of the grant and
one quarter subsequently vesting on each of the first, second and
third anniversaries of the date of the grant. The Options may be
exercised at a price of $0.24 per
Common Share.
The Options were granted pursuant to the stock option plan of
the Company, as recently approved by the shareholders of the
Company on May 16, 2024.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Stampede Drilling Inc.