CALGARY, ALBERTA–(Marketwired – April 21, 2014) – Traverse Energy Ltd. (the “Corporation“) (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 975,000 common shares with an exercise price of $0.95 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 6,015,000.
The Corporation is a junior oil and natural gas exploration and development company. The common shares of the Corporation are currently listed on the TSX Venture Exchange under the trading symbol “TVL”.
Traverse Energy Ltd.
President and CEO
#780, 839 – 5 Avenue SW
Calgary, AB T2P 3C8