CALGARY,
AB, Oct. 5, 2022 /CNW/ - Stampede Drilling
Inc. (the "Corporation") (TSXV: SDI) announces that on October 5, 2022, the Board of Directors of the
Corporation granted 6,720,000 stock options (the "Options") to
purchase common shares of the Corporation ("Shares") to certain
directors and officers of the Corporation. Additional Options were
also issued to certain employees. The Options carry a five-year
term and are subject to vesting as to one quarter on the day of the
grant and one quarter on each of the first, second and third
anniversaries of the date of the grant at an exercise price of
$0.32 per share. The grant of Options
is subject to applicable stock exchange and regulatory
approvals.
Chair of the Board, Elson
McDougald, commented "The Stampede Team have demonstrated
exceptional performance over the course of 2022, including
consummating accretive acquisitions and associated financings which
continue to advance Stampede's short and long-term business
objectives. These option issuances reflect the Board's
appreciation of the efforts contributed by all, and further align
directors, officers and employees with the strategic plans of the
Corporation go-forward."
Neither 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.
SOURCE Stampede Drilling Inc.
