CALGARY, AB–(Marketwired – November 03, 2014) – Contact Exploration Inc. (“Contact” or the “Company”) (TSX VENTURE: CEX) announces that it has issued a total of 1,550,000 stock options to two employees of the Company in accordance with the Company’s shareholder approved stock option plan, including 1,400,000 stock options being issued to the Vice President, Finance and Chief Financial Officer of the Company. The stock options are exercisable at a price of $0.33 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the date of grant.
Contact Exploration Inc. is a public oil and gas company which has a long-term history of operating in Atlantic Canada and has recently demonstrated success in Alberta’s liquids-rich Montney Formation tight gas play. For more information, please see the Company’s website:www.contactexp.com.
Neither 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.
