CALGARY, ALBERTA- (TheNewswire) - February 25, 2013)
The Board of Directors of Tallgrass has granted stock options on February 25, 2013 to acquire up to 520,000 Common Shares of Tallgrass, 390,000 of which were granted to directors and officers of Tallgrass. Each grant of options is for a five year term, expiring on February 25, 2018. Tallgrass has a policy of using a 5 day weighted average for pricing options; such calculation amounting to $0.14 per share.The options are exercisable at a price of $0.15 per share, will vest over an 18 month period in equal quarterly tranches and are subject to regulatory approval.
For further information:
John H. McAdam
Tallgrass Energy Corp.
Suite 1540, 700-6th Avenue SW
Calgary, Alberta, T2P 0T8
Main: (403) 262-0315
Fax: (403) 262-0319
This News Release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
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