Valeura Energy Inc.: Valeura Energy Announces Issuance of Stock Options

CALGARY / ACCESSWIRE / March 19, 2020 / Valeura Energy Inc. (TSX:VLE), (LSE:VLU) ("Valeura" or the "Company"), the upstream natural gas company focused on the Thrace Basin of Turkey, announces that on March 17, 2020 it issued an aggregate of 2,795,000 incentive stock options to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company. The stock options are exercisable for a period of seven years at an exercise price of C$0.25 per share and will vest over a period of three years. The stock options were granted in accordance with the terms of the Company's stock option plan, which has been approved by the Company's shareholders and the TSX.

Certain persons discharging managerial responsibilities ("PDMR") were recipients of stock options as detailed below.

PDMR	Position	Volume
Sean Guest	Executive Director, President and Chief Executive Officer	550,000
Heather Campbell	Chief Financial Officer	325,000
Peter Sider	Chief Operating Officer	325,000
Gordon Begg	Vice President, Commercial	325,000
Rob Sadownyk	Vice President, Exploration	220,000
Tim Marchant	Non-Executive Chairman	100,000
Russell Hiscock	Non-Executive Director	100,000
Jim McFarland	Non-Executive Director	100,000
Ron Royal	Non-Executive Director	100,000
Kimberley Wood	Non-Executive Director	100,000

For further information please contact:

Valeura Energy Inc.
(General and Investor Enquiries) [phone]
Sean Guest, President and CEO
Heather Campbell, CFO
Robin Martin, Investor Relations Manager
[e-mail], [e-mail]

Canaccord Genuity Limited
(Corporate Broker)
[phone]
Henry Fitzgerald-O'Connor
James Asensio

CAMARCO
(Public Relations, Media Adviser)
[phone]
Owen Roberts
Monique Perks
Hugo Liddy
Billy Clegg
[e-mail]

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such an offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

William Sean Guest

2.

Reason for the notification

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	550,000

d)

Aggregated information:

- Aggregated volume

- Price

550,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Heather Campbell

2.

Reason for the notification

a)

Position/status:

Chief Financial Officer

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	325,000

d)

Aggregated information:

- Aggregated volume

- Price

325,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Peter Sider

2.

Reason for the notification

a)

Position/status:

Chief Operating Officer

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares of Valeura Energy Inc.

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	325,000

d)

Aggregated information:

- Aggregated volume

- Price

325,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Gord Begg

2.

Reason for the notification

a)

Position/status:

Vice President, Commercial

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	325,000

d)

Aggregated information:

- Aggregated volume

- Price

325,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Rob Sadownyk

2.

Reason for the notification

a)

Position/status:

Vice President, Exploration

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	220,000

d)

Aggregated information:

- Aggregated volume

- Price

220,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Timothy R. Marchant

2.

Reason for the notification

a)

Position/status:

Non-Executive Chairman

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	100,000

d)

Aggregated information:

- Aggregated volume

- Price

100,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Russell Hiscock

2.

Reason for the notification

a)

Position/status:

Non-Executive Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	100,000

d)

Aggregated information:

- Aggregated volume

- Price

100,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

James D. McFarland

2.

Reason for the notification

a)

Position/status:

Non-Executive Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	100,000

d)

Aggregated information:

- Aggregated volume

- Price

100,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ron Royal

2.

Reason for the notification

a)

Position/status:

Non-Executive Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	100,000

d)

Aggregated information:

- Aggregated volume

- Price

100,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Kimberley Wood

2.

Reason for the notification

a)

Position/status:

Non-Executive Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Valeura Energy Inc.

b)

LEI:

2549003ZBCOPPO06GY48

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Common shares

ISIN: CA9191444020

b)

Nature of the transaction:

Grant of option to purchase common shares under Valeura's Stock Option Plan for a period of seven years from the date of grant, with an option price of $0.25 per share.

c)

Price(s) and volume(s):

Price(s)	Volume(s)
C$0.00	100,000

d)

Aggregated information:

- Aggregated volume

- Price

100,000
C$0.00

e)

Date of the transaction:

March 17, 2020

f)

Place of the transaction:

Outside of trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

SOURCE: Valeura Energy Inc.

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