CALGARY,
AB, Dec. 10, 2024 /CNW/ - Horizon Petroleum
Ltd. (TSXV: HPL).
Horizon Petroleum Ltd. ("Horizon" or the "Company") is pleased
to announce that the Company's board of directors has approved the
grant of stock options (the "Options") exercisable for a total of
1,340,000 common shares ("Common Shares") to its directors and
officers. All Options were granted pursuant to the Company's stock
option plan and are subject to the terms of the applicable grant
agreements and the requirements of the TSX Venture Exchange.
The Options were granted at an exercise price of $0.16 and expire on December 5, 2029. The Options shall vest equally
over three years from the date of grant. The Options are subject
to TSXV acceptance. The Corporation relied on exemptions provided
for by Multilateral Instrument 61-101 for the grant of Options to
the directors and officers of the Company.
Neither the 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.
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of applicable
securities legislation. Such forward-looking statements include,
without limitation, forecasts, estimates, expectations and
objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of Horizon. Forward-looking statements are statements that
are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur or be achieved.
Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which
could cause actual results to vary and in some instances to differ
materially from those anticipated by Horizon and described in the
forward-looking information contained in this press release.
Although Horizon believes that the material factors,
expectations and assumptions expressed in such forward-looking
statements are reasonable based on information available to it on
the date such statements were made, no assurances can be given as
to future results, levels of activity and achievements and such
statements are not guarantees of future performance.
SOURCE Horizon Petroleum Ltd.