Mr. James Morris reports
LNG ENERGY GROUP ANNOUNCES SHAREHOLDER ALIGNMENT INITIATIVES
LNG Energy Group Corp. has arranged shareholder alignment initiatives.
shareholder alignment initiatives
The company is pleased to announce that Oak Hill Financial Inc., an advisory firm to the company, has agreed to settle certain advisory fees owed to them in common shares in the capital of the company. Oak Hill has agreed to receive 216,960 common shares at a deemed price of 50 cents per share to settle $108,480 of advisory fees. The common shares issued to Oak Hill shall be subject to a monthly release schedule whereby the common shares will be released in ten monthly tranches to Oak Hill.
DSU and options
In connection with the year-end annual equity grants to executives and with the appointment of a director, 1,310,807 deferred share units (DSUs) and 1,355,300 options have been issued to certain executives and such director of the company.
The options were granted on the date hereof pursuant to the company's equity incentive plan and are exercisable at a price of 20 cents per common share and are set to expire on July 26, 2029. The DSUs and options vested upon grant, subject to the rules of the TSX Venture Exchange.
About LNG Energy Group
Corp.
The company is focused on the acquisition and development of natural gas production and exploration assets in Latin America.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.