Calgary, Alberta – January 25th, 2023 – Lycos Energy Inc. (“Lycos” or the “Company”) (TSXV: LCX) is pleased to announce that as a part of the Company’s long term incentive program, and pursuant to the terms and conditions of its stock option plan, the Lycos board of directors has approved the grant of 11,945,000
stock options to certain directors and officers. The options expire five years from the date of the grant and are exercisable at a price of $0.55 per common share. The options vest as to one-third on each of the first, second and third anniversary of the grant date.
About Lycos
Lycos is an oil-focused, exploration, development and production company based in Calgary, Alberta, operating high-quality, heavy-oil, development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area.
Additional Information
For further information, please contact:
Lycos Energy Inc.
Dave Burton
President and CEO
T: (403) 616 – 3327
E: dburton@lycosenergy.com
Lindsay Goos
Chief Financial Officer
T: (403) 542-3183
E: lgoos@lycosenergy.com
Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
