LGX Oil + Gas Inc. announces stock option grant

CALGARY, April 26, 2013 /CNW/ – LGX Oil + Gas Inc. (“LGX” or the “Company”) (TSXV:OIL.V) announces that it has granted a total of 1,813,000 stock options to directors, officers, employees and consultants of the Company pursuant to the Company’s stock option plan.  The options are exercisable at a price of $0.47 per share.  The options have a five-year term and vest as to one third each year following the date of grant.

LGX is a uniquely positioned, technically driven, junior oil and natural gas company with a proven management team committed to aggressive, cost-effective growth of light oil reserves and production combined with high impact exploration potential in southern Alberta.  LGX’s common shares trade on the TSX Venture Exchange under the symbol OIL.

SOURCE: LGX Oil + Gas Inc.