Arrow Exploration Corp (TSE:AXL) has released an update.
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Arrow Exploration Corp., an expanding oil operator in Colombia, has granted 4,332,221 stock options to its directors, officers, and employees as part of its Stock Option Plan, aiming to incentivize and retain its workforce while aligning their interests with those of shareholders. The options, with a strike price of CAD 0.475, will vest over three years and are part of a strategy to enhance shareholder value through increased oil production and attractive operating margins.
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