TORONTO, Canada, April 2, 2018. PetroMaroc Corporation plc (TSXV: PMA), an independent oil and gas company focused on Morocco (the “Company” or “PetroMaroc”) announces that the board of directors of the Company has approved the grant of an aggregate of 6,000,000 options (the “Options”) to purchase common shares in the capital of the Company to certain directors, officers and consultants of the Company. The Options are exercisable at a price of $0.05 per common share for a term of five years, until March 30, 2023. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange.
PetroMaroc Corporation plc is an independent oil and gas exploration company. PetroMaroc holds a substantial share position in Sound Energy plc, and net profit interests in the Sidi Moktar licence (onshore Morocco), as a committed long-term partner to unlock the hydrocarbon potential of the Essaouira region. PetroMaroc is a public company and its common shares are listed on the TSX Venture Exchange under the symbol PMA.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
PetroMaroc Corporation plc
Chief Financial Officer
+44 (0) 7722 491084