Vancouver, BC / ACCESSWIRE / August 29, 2014 / CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS") announces that, further to the Company's news release dated August 7, 2014, it had granted incentive stock options to purchase up to 2,250,000 common shares under the Company's 10% rolling stock option plan (the "Plan"). The Plan received shareholder approval at its last Annual General Meeting held June 27, 2014. The options granted are for a five year period expiring August 6, 2019 at an exercise price of $0.08 per share. On November 26, 2013, the Company announced that it had cancelled 1,500,000 stock options granted to its officers and directors. Accordingly, 901,313 of the new options granted to certain directors and officers of the Company will be subject to receipt of disinterested shareholder approval, which the Company intends to seek at its next shareholder meeting, and TSX Venture Exchange approval.
About the Company
Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com
For additional information contact:
Jack Bal, President
Cardiff Energy Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
SOURCE: Cardiff Energy Corp.