(MENAFN- ProactiveInvestors)WesternZagros Resources (CVE:WZR) an independent oil and gas company said on Wednesday it has granted 22.6mln stock options to directors officers and employees of WesternZagros as part of its approved stock option plan. These options are exercisable at a price of seven cents per share representing the closing price of the company's shares on the TSX Venture Exchange on April 11 2016. The options have a five-year term and vest as to one-third each year following the date of grant. WesternZagros shares were down 8.3% at C$0.06.
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