CALGARY, ALBERTA–(Marketwired – Nov. 14, 2014) – Pine Cliff Energy Ltd. (“Pine Cliff“) (TSX VENTURE:PNE) announces that it has granted an aggregate of 4,119,800 stock options to its directors, officers, employees and certain service providers, of which 2,406,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $1.66 per share and will expire between May 14, 2016 and May 14, 2018. The total number of Pine Cliff common shares reserved for issuance pursuant to stock options outstanding as of the date hereof is 15,879,800, which represents 6.8% of common shares outstanding.
About Pine Cliff
Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff’s website at www.pinecliffenergy.com.
Pine Cliff Energy Ltd.
George F. Fink
Executive Chairman
(403) 269-2289
info@pinecliffenergy.com
Pine Cliff Energy Ltd.
Philip B. Hodge
President, CEO and Director
(403) 269-2289
info@pinecliffenergy.com
www.pinecliffenergy.com