CALGARY, ALBERTA--(Marketwire - Aug. 28, 2012) - Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") announces that its Board of Directors has approved the granting of stock options to purchase 820,000 common shares of the Company to the Company's directors, officers and employees, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.15 per share, vest immediately and have a five year term.
Newton is an oil and gas company with exploratory targets on its East Midlands licenses in the United Kingdom. Newton maintains offices in London, England and Calgary, Alberta.
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to regulatory approval for the issuance of stock options, including the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, including are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Newton's disclosure documents on the SEDAR website at www.sedar.com. Newton does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.