Painted Pony Petroleum Ltd. Announces Grant of Stock Options
13 April 2011 - 8:28PM
Marketwired Canada
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THE UNITED STATES
Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) (TSX
VENTURE:PPY.B) announces that pursuant to the terms and conditions of its Stock
Option Plan, it has granted, in the aggregate, 1,505,900 incentive stock options
to purchase Class A Shares of Painted Pony (the "Options"), to certain of its
Directors, Officers, Employees and Consultants. The Options are exercisable over
a five year period at an exercise price of $10.60 per share, with 33.3% vesting
immediately, 33.3% in one year, and the final 33.3% vesting in two years.
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