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Petrox Resources ( (TSE:PTC) ) has issued an update.
Petrox Resources Corp. has granted an aggregate of 875,000 incentive stock options to certain officers, directors and consultants under its stock option plan. Each option allows the holder to acquire one common share at an exercise price of $0.155, vests immediately, and is exercisable for two years, a move that aligns management and key personnel incentives with shareholder interests and supports the company’s efforts to retain and motivate its leadership as it advances its small but established production base in Western Canada.
More about Petrox Resources
Petrox Resources Corp. is a publicly traded Canadian junior oil and gas company focused on the exploration and development of oil and natural gas resources in the Western Canadian Basin. The company currently operates a producing property in Fletwode, Saskatchewan, with output of about 15 barrels of oil per day, and its common shares trade on the TSX Venture Exchange under the symbol PTC.
Average Trading Volume: 11,615
Technical Sentiment Signal: Sell
Current Market Cap: C$827K
Find detailed analytics on PTC stock on TipRanks’ Stock Analysis page.