Triton Energy has granted options to purchase an aggregate of 625,000 common shares of the Corporation at an exercise price of $0.45 per common share, of which options to purchase an aggregate of 550,000 common shares were granted to directors and officers of the Corporation.
The Options have vesting periods ranging up to three years from the date of grant and expire five years from the date of grant. The Options were issued in accordance with the Corporation's shareholder approved stock option plan, which reserves for issuance on exercise of stock options a maximum of ten per cent of the number of common shares of the Corporation outstanding, from time to time.
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