CALGARY, June 8, 2017 /CNW/ - Ikkuma Resources
Corp. ("Ikkuma" or the "Corporation")
(TSXV: IKM) has granted 6,159,500 stock options to directors,
officers, employees and consultants of Ikkuma at an exercise price
of $0.86. The exercise price of
the stock options is the same as the exercise price of the warrants
issued by the Corporation in connection with its $45 million second lien senior secured loan
facility, which was announced on May 25,
2017.
The stock options have been granted pursuant to Ikkuma's 10%
rolling stock option plan and will expire five years from the date
of grant. All of the stock options vest as to one third
thereof on each of the first, second and third anniversaries of the
date of grant. Subsequent to this stock option grant, Ikkuma will
have a total of 6,960,200 stock options outstanding, representing
approximately 7.4% of its issued and outstanding common shares.
About Ikkuma Resources Corp.
Ikkuma Resources Corp. is a diversified junior public oil and
gas company listed on the TSX Venture Exchange under the symbol
"IKM", with holdings in both conventional and unconventional
projects in Western Canada.
The technical team has worked together for over a decade in
the Foothills Region of Western
Canada, through two successful, publicly traded companies.
The unique skills and repeat success at exploiting a complex,
potentially prolific play type are fundamental ingredients for a
successful growth-oriented company in Western
Canada. Corporate information can be found at:
www.ikkumarescorp.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Ikkuma Resources Corp.