Marsa Energy Inc. says that, subject to regulatory approval, it has granted 970,000 options to purchase common shares of Marsa of which 790,000 have been granted to directors and officers of the Company, in accordance with the Company's stock option plan.

These options expire five years from the date of grant and have an exercise price of $0.22 per share. Marsa has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the options to the directors and officers of the Company (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).

Tags: Marsa Energy Inc.