Pan Orient Energy Corp.: Grant of Stock Options
CALGARY, ALBERTA–(Marketwire – April 16, 2010) – Pan Orient Energy Corp. (“Pan Orient”) (TSX VENTURE:POE) announced today that it granted options to purchase 2,411,500 common shares under Pan Orient’s stock option plan, of which 2,275,000 were granted to directors and officers. Each option has an exercise price of $7.15 (being the April 15, 2010 closing price of the shares on the TSX Venture Exchange), vests as to 1/3 on the grant date and 1/3 on each of the first and second anniversaries of the grant date and expires on April 16, 2014.
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