/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, Jan. 5, 2017 /CNW/ – Return Energy Inc. (“Return” or the “Company”) (TSX-V: “RTN”) announces that, subject to regulatory approval, an aggregate of 2,070,000 options to acquire common shares of Return were granted to certain of its directors, officers, employees and consultants. The options have an exercise price of $0.185 per share, expire on January 5, 2022 and vest on a one-third (1/3) basis on each of the first, second and third anniversaries of January 5, 2017.
Return has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the grant of options.
Return Energy Inc. is an oil and gas exploration and production company with operations in Western Canada. Return’s common shares trade on the TSX Venture Exchange under the symbol “RTN”.
For further information:
This press release is reproduced on Return website at www.returnenergyinc.com.
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 Return Energy Inc.