CALGARY,
Aug. 27, 2014 /CNW/ - Hawk
Exploration Ltd. ("Hawk" or the "Corporation") announces that it
has granted a total of 1,455,000 options to directors, officers,
employees and consultants, of which 1,315,000 were granted to
directors and executive officers. Each option entitles the holder
the right to acquire one Class A Share of the Corporation at an
exercise price of $0.41 per Class A
Share and expires ten years from the date of issue. The options
vest equally over a three year period on the first, second and
third anniversary from the date of grant. There are now options
outstanding to purchase a total of 4,526,500 Class A Shares of the
Corporation, or approximately 9.9% of the Corporation's issued and
outstanding Class A Shares.
Hawk is an emerging exploration company engaged
in the exploration, development and production of conventional
crude oil and natural gas in western Canada and is based in Calgary, Alberta. The Class A Shares of Hawk
trade on the TSX Venture Exchange under the trading symbols of
HWK.A.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Hawk Exploration Ltd.