Mr. Grayson Andersen reports
STAMPER TO ADVANCE US MARKET STRATEGY WITH OTCQB APPLICATION AND STRENGTHENS SHAREHOLDER ALIGNMENT
Stamper Oil & Gas Corp. intends to make an application to trade on the U.S. OTCQB market, and has granted certain directors, officers, employees and consultants of the company stock options and restricted share units (RSUs).
Stamper intends to make an application to trade on the U.S. OTCQB market, representing a key step in Stamper's capital markets strategy, providing improved access for United States-based investors and enhancing the company's visibility within one of the world's largest pools of experienced oil and gas exploration investors. The company believes that an OTCQB presence will complement its TSX Venture Exchange listing by broadening its shareholder base, improving trading liquidity and supporting more efficient price discovery.
Stamper has also issued 11.6 million stock options and 11.5 million restricted share units to certain directors, officers, employees and consultants of the company, pursuant to the company's stock option plan and restricted share unit plan. The option and RSU grants are intended to align the interests of the company's directors, officers, employees and consultants with those of shareholders, and to support the continued execution of Stamper's growth strategy. The awards reflect the company's commitment to incentivizing long-term value creation. Each option is exercisable for one common share at an exercise price of 20 cents for a period of five years from the date of grant and will vest according to one of the following schedules: (i) 10.85 million options will vest on the date of grant; and (ii) as to 750,000 options, 33 per cent will vest immediately, 33 per cent will vest on March 18, 2027, and 33 per cent will vest on March 18, 2028. Ten million seven hundred fifty thousand RSUs vest one year from the date of grant, and of the 750,000 RSUs, 33 per cent vest on March 18, 2027, 33 per cent vest on March 18, 2028, and the remaining 33 per cent vest on March 18, 2029. All RSUs expire five years from the date of grant.
About
Stamper
Oil
&
Gas Corp.
Stamper Oil & Gas is an oil and gas exploration company with ownership interests in five Namibian oil and gas exploration blocks covering four petroleum exploration licences (PELs). The company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
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