Toscana Energy Announces Grant of Stock Options to Directors and
Corporate Secretary
CALGARY,
Oct. 23, 2012 /CNW/ - Toscana
Energy Income Corporation (the "Company") (TSXV: TEI) announced
today that it has granted an aggregate of 135,000 stock options to
acquire common shares in the capital of the Company at a price of
$14.75 per share to the directors of
the Company, other than the President and Chief Executive Officer
who is also director, and the corporate secretary of the
Company. These stock options will expire on October 22, 2017.
About Toscana Energy Income Corporation
Toscana Energy Income Corporation is a conventional
oil and gas producer with the mandate to acquire high quality, long
life oil and gas assets including royalties, non-operated working
interests and unitized production for yield and capital
appreciation. Toscana Energy Income Corporation is managed by
Sprott Toscana through Toscana Energy Corporation. Sprott Toscana
is a member of the Sprott Group of Companies.
About Sprott Toscana
Sprott Toscana (formerly Toscana Merchant Group) is
a team of Calgary-based energy
specialists that manage three separate businesses: Toscana Energy
Income Corporation (through Toscana Energy Corporation), Toscana
Financial Income Trust and Maple Leaf Energy Income LPs. In
July 2012, Toscana Merchant Group
joined the Sprott Group of Companies when it was acquired by Sprott
Inc. (TSX: SII), Canada's leading
alternative asset manager and a global leader in resource
investing.
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 release.
SOURCE Toscana Energy Income Corporation