VANCOUVER, BC–(Marketwired – October 14, 2016) – Jericho Oil Corporation (“Jericho”) (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that it will issue a total of 600,000 compensation shares to two U.S. based employees and a consultant as part of their negotiated compensation packages. Jericho’s U.S. based employees are employed by a U.S. operating subsidiary. The compensation shares will be issued upon receipt of TSX Venture Exchange approval but will vest over a two year period with 25% of the issued shares vesting every three months in the second year of the vesting period.
About Jericho Oil Corporation
Jericho is a growth-oriented oil and gas company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in the Mid-Continent. For more information, please visit www.jerichooil.com.