CALGARY, ALBERTA–(Marketwired – May 19, 2015) – Mapan Energy Ltd. (“Mapan” or the “Company”) (TSX VENTURE:MPG) announces that the Company’s board of directors has granted options to the directors and officers of the Company to acquire an aggregate of 1,065,000 common shares of Mapan at a price of $0.94 per share pursuant to Mapan’s share option plan. The options vest as to one-third on each of the first, second and third anniversaries of the date of grant, and have a term of 5 years. Mapan currently has 71,420,395 common shares outstanding.
[expand title=”Advisories & Contact”]
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Mapan Energy Ltd.
Richard A. Walls
President & CEO
403-536-5771
rwalls@mapanenergy.com
Mapan Energy Ltd.
Jennifer Dugdale
Chief Financial Officer
403-536-5773
jdugdale@mapanenergy.com
[/expand]