Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) announced the grant of 6.5 million incentive awards including 3.9 million stock options and 2.6 million restricted share units to several directors and officers of the company and four other parties.
The options have an exercise price of C$1.23, vest in three equal tranches over two years and will expire on December 13, 2034.
“2024 was the year of Mopane, delivering to Sintana and its shareholders exposure to one of the world’s most significant offshore discoveries,” Sintana CEO Robert Bose said in a statement.