Jadestone Energy Inc. Announces Issuance of Stock Options

SINGAPORE / ACCESSWIRE / April 1, 2019 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that on March 29, 2019 it issued an aggregate of 8,000,000 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 ten years at an exercise price of C$0.85 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 Venture Exchange.

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

PDMR

Position

Volume

Paul Blakeley

Executive Director, President and Chief Executive Officer

1,200,000

Dan Young

Executive Director and Chief Financial Officer

750,000

Michael Horn

Executive Vice President, Corporate and Business Development

750,000

Dennis McShane

Non-Executive Chairman

100,000

Robert Lambert

Deputy Chairman

75,000

Iain McLaren

Non-Executive Director

75,000

Eric Schwitzer

Non-Executive Director

75,000

Cedric Fontenit

Non-Executive Director

75,000

David Neuhauser

Non-Executive Director

75,000

– Ends –

Enquiries

Jadestone Energy Inc.

+65 6324 0359 (Singapore)

Paul Blakeley, President and CEO

+1 403 975 6752 (Canada)

Dan Young, CFO

ir@jadestone-energy.com

Robin Martin, Investor Relations Manager

Stifel Nicolaus Europe Limited (Nomad, Joint Broker)

+44 (0) 20 7710 7600 (UK)

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

BMO Capital Markets Limited (Joint Broker)

+44 (0) 20 7236 1010 (UK)

Thomas Rider

Jeremy Low

Thomas Hughes

Camarco (Public Relations Advisor)

+ 44 (0) 203 757 4980 (UK)

Georgia Edmonds

jadestone@camarco.co.uk

Billy Clegg

James Crothers

About Jadestone Energy Inc.

Jadestone Energy Inc. is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Vietnam and the Philippines.

The Company has a 100% operated working interest in Stag, offshore Australia, and a 100% legal and beneficial interest in the Montara assets, and a 99% legal, subject to regulatory approval, beneficial right title, and interest in the associated production licences AC/L7 and AC/L8 (the “Montara Titles”). The remaining 1% legal interest in the Montara Titles is being held on trust by the seller, in favour of the Company, until Australian regulatory approvals relating to the transfer of operatorship of the Montara assets are obtained. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company has a 100% operated working interest (subject to registration of PVEP’s withdrawal) in two gas development blocks in Southwest Vietnam and is partnered with Total in the Philippines where it holds a 25% working interest in the SC56 exploration block.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman’s business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets throughout the Asia-Pacific region.

Jadestone Energy Inc. is currently listed on the TSXV and AIM. The Company is headquartered in Singapore. For further information on Jadestone please visit
www.jadestone-energy.com.

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company’s obligations under Article 17 of that Regulation.

Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this 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:

A. Paul Blakeley

2.

Reason for the notification

(a)

Position/status:

Executive Director, President and 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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

A. Paul Blakeley

1,200,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


1,200,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Daniel Young

2.

Reason for the notification

(a)

Position/status:

Executive Director and 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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Daniel Young

750,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


750,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Michael J. Horn

2.

Reason for the notification

(a)

Position/status:

Executive Vice President, Corporate and Business Development

(b)

Initial notification/ amendment:

Initial notification

3.

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

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Michael J. Horn

750,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


750,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Dennis McShane

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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Dennis McShane

100,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


100,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Robert Lambert

2.

Reason for the notification

(a)

Position/status:

Deputy Chairman

(b)

Initial notification/ amendment:

Initial notification

3.

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

(a)

Name:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Robert Lambert

75,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


75,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Iain McLaren

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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Iain McLaren

75,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


75,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Eric Schwitzer

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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Eric Schwitzer

75,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


75,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

Cedric Fontenit

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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

Cedric Fontenit

75,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


75,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX

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:

David Neuhauser

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:

Jadestone Energy Inc.

(b)

LEI:

254900E4GCXW63X26Q32

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 no par value in Jadestone Energy Inc.

ISIN: CA46989Q1000

(b)

Nature of the transaction:

Grant of options

(c)

Price(s) and volume(s):

PDMR

Volume

Strike price (C$)

David Neuhauser

75,000

0.85

(d)

Aggregated information:

– Aggregated volume:

– Price:


75,000

C$ 0.85

(e)

Date of the transaction:

March 29, 2019

(f)

Place of the transaction:

XTSX


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SOURCE: Jadestone Energy Inc.

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