PEH Primeline Energy Holdings Inc

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UNITED STATES.


Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH)
today announced that the Board of Directors of the Company, based on the
recommendations of the Compensation Committee, has today granted stock options
to directors, officers, employees and consultants to purchase a total of
3,085,000 common shares at $0.60 per share exercisable until September 26th,
2017 under its "rolling 10%" option plan. There were 5,979,125 shares available
for issuance under the plan, and 2,894,125 now remain. The options vest as to
one third upon date of full repayment of the existing working capital loans made
available by Mr. Victor Hwang ("Repayment Date"), one third on the date falling
one year after the Repayment Date and one third on the date falling two years
after the Repayment Date. The granting of the stock options is subject to
acceptance for filing by the TSX Venture Exchange. 


About Primeline Energy Holdings Inc.

Primeline is an exploration and development company focusing exclusively on
China resources to become a major supplier of gas and oil to the East China
market. Primeline has a 75% Contractor's interest in and is the operator of the
petroleum contract with CNOOC for Block 33/07 in the East China Sea and a 36.75%
interest in the LS36-1 gas field in Block 25/34 which is being developed by
CNOOC Limited (acting as Operator for the development) together with Primeline
and Primeline Petroleum Corporation. Shares of the Company are listed for
trading on the TSX Venture Exchange under the symbol PEH.


ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC.

Ming Wang, Chief Executive Officer

Please visit the Company's website at www.pehi.com.

Grafico Azioni Primeline Energy (TSXV:PEH)
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Da Mag 2024 a Giu 2024

Grafico Azioni Primeline Energy (TSXV:PEH)
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Da Giu 2023 a Giu 2024