Razor Energy Corp. announces the granting of incentive shares
CALGARY, Alta., Feb. 09 2022 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces that its Board of Directors (the “Board”) has approved the grant of 816,000 incentive stock options (“Options”) to acquire common shares (“Common Shares”) of the Company under its stock option plan. A total of 631,000 options were granted to certain of its directors and officers and 185,000 options were granted to certain of its employees (collectively, the “Option Grant”).
All options are exercisable for a period of five years at an exercise price of $1.00 per common share, which represents a premium to the last closing price of $0.95 of the common shares on the TSXV . One-third of the options will vest on the date that is one year after the date of grant of such options and the remainder will vest one-third per year thereafter.
About the razor
Razor is a junior, publicly traded oil and gas development and production company headquartered in Calgary, Alberta, focused on acquiring, then upgrading and producing oil and gas at from properties primarily in Alberta. The Company is led by experienced management and a strong and committed Board of Directors, with a long-term vision of growth focused on efficiency and cost control in all areas of the business. Razor currently trades on the TSX Venture Exchange under the symbol “RZE.V”.
FutEra leverages the innovation and experience of Alberta’s resource industry to create transitional energy solutions and sustainable infrastructure for commercial markets and communities, both in Canada and globally . It is currently developing a 21 MW co-produced geothermal and natural gas hybrid power project in Swan Hills, Alberta.
About the blade
Blade Energy Services is a subsidiary of Razor. Operating in west-central Alberta, Blade’s primary services include fluid transportation, road maintenance, earthworks including well site reclamation and other field services oil.
For more information, please contact:
|Doug Bailey||Kevin Brown|
|President and CEO||Financial director|
|Razor Energy Corp.
800, 500-5th Ave SW
Calgary, AB T2P 3L5
Phone: (403) 262-0242
FORWARD-LOOKING STATEMENTS: This press release contains certain statements that may be considered forward-looking statements. These statements relate to the granting of options under the Company’s stock option plan. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “estimate”, “potential”, “will”, “should”, “continue”, “may”, “goal” and similar expressions. Forward-looking statements are based on certain key expectations and assumptions made by the Company, including, but not limited to, expectations and assumptions regarding the availability of capital, current legislation, receipt of required regulatory approvals, timely performance by third parties of contractual obligations, the success of future drilling and development activities, the performance of existing wells, the performance of new wells, the Company’s growth strategy, general economic conditions, the availability of equipment and services required, commodity prices, price volatility, price differentials and actual prices received for the Company’s products. Although the Company believes that the expectations and assumptions on which forward-looking statements are based are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee that they will prove to be accurate. Because forward-looking statements address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry and geothermal power projects in general (e.g., variability in geothermal resources; such as uncertainty in reserve estimates; l (uncertainty in production, cost and expense estimates and projections, and health, safety and environmental risks), fluctuations in electricity and raw material prices and currency exchange rates , changes in legislation affecting the oil, gas and geothermal industries and uncertainties resulting from potential delays or changes in plans for exploration or development projects or capital expenditures. In addition, the Company cautions that COVID-19 could continue to have a material adverse effect on global economic activity and global demand for certain commodities, including crude oil, natural gas and NGLs, and could continue to cause global supply volatility and disruption. chains, operations, mobility of people and financial markets, which could continue to affect commodity prices, interest rates, credit ratings, credit risk, inflation, business, financial conditions, results of operations and other factors relevant to the Company. The duration of the current commodity price volatility is uncertain. Please refer to the risk factors identified in the Company’s Annual Information Form and MD&A which are available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.
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