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Arrow Exploration Corp ( (TSE:AXL) ) just unveiled an update.
Arrow Exploration Corp. has announced the grant of 6,198,334 stock options to its directors, officers, and employees under its Stock Option Plan. This move aims to attract, retain, and incentivize key personnel while aligning their interests with shareholder value. The options, which have a strike price of CAD 0.225, vest over three years and are part of a strategy to maintain consistent interest in shares under option. This announcement underscores Arrow’s commitment to enhancing stakeholder value and maintaining a motivated leadership team as it continues to develop its Colombian oil assets.
More about Arrow Exploration Corp
Arrow Exploration Corp. is a publicly traded company with a focus on expanding oil production in Colombia’s key hydrocarbon basins, including the Llanos, Middle Magdalena Valley, and Putumayo Basin. The company operates with high working interests and benefits from Brent-linked light oil pricing and low royalties, offering attractive potential operating margins. Arrow is listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange.
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