Kodiak Oil & Gas announces grant of stock options
Monday April 17, 4:43 pm ET
DENVER, April 17 /CNW/ - Kodiak Oil & Gas Corp. (TSX Venture: KOG; KOGGF.PK) announces today the grant of 1,300,000 incentive stock options to certain directors and officers. The options were granted under the Company's Incentive Stock Option Plan and are exercisable at the price of Cdn$3.51 per share for a period of five years from the date of the grant. The option price was determined in accordance with the policies of the TSX Venture Exchange based upon the last closing price of the common stock. Each director of the Company was granted an option to acquire 100,000 shares which will vest immediately. In addition, the two principal officers of the Company were each granted an option to acquire 400,000 shares of which 100,000 vest immediately, 150,000 shares would vest on April 1, 2007 and 150,000 would vest on April 1, 2008.
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About Kodiak Oil & Gas Corp.
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Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Greater Green River Basins in the U.S. Rocky Mountains. The common shares of the Company are listed for trading on the TSX Venture Exchange under the symbol "KOG" and the U.S. symbol "KOGGF."
