17:49:24 EDT Thu 28 Mar 2024
Enter Symbol
or Name
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CA



Mobius Resources Inc
Symbol MBS
Shares Issued 26,774,603
Close 2014-12-22 C$ 0.15
Market Cap C$ 4,016,190
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Mobius continues to evaluate Duvernay formation

2014-12-22 21:34 ET - News Release

An anonymous director reports

MOBIUS RESOURCES PROVIDES CORPORATE UPDATE AND ANNOUNCES STOCK OPTION GRANT

Mobius Resources Inc. (formerly Zodiac Exploration Inc.) has provided a corporate update.

Alberta Mobius has continued its technical evaluation of the Duvernay formation, encountered in the previously drilled Guy well. Initial results have been positive, with net pay at or above initial estimates, confirmation of the company's position in the light oil window of the Duvernay, and indications of an overpressured formation. The company continues to assess mineralogy, rock mechanics, petrophysics and internal resource estimates. Mobius will continue its assessment over the coming weeks and hopes to be able to provide further details related to its Duvernay technical program in early 2015.

Stock option cancellation

On Dec. 19, 2014, a former officer and director of the corporation voluntarily surrendered 266,667 options for cancellation.

Stock option grant

Mobius announces that on Dec. 21, 2014, it granted stock options, to buy an aggregate of 2.02 million shares in accordance with the company's stock option plan to certain current directors, officers and employees of the company, which are exercisable at 14.5 cents per common share of Mobius and have a term of five years.

We seek Safe Harbor.

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