PDMR Exercise and Grant of Options
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CALGARY, June 19, 2025 - Arrow Exploration Corp. ("Arrow" or the "Company") (AIM: AXL; TSXV: AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces the exercise of stock options, by certain Directors and Persons Discharging Managerial Responsibilities (PDMRs) (the "Exercise"). These options were exercised due to reaching their expiration date.
Option Exercise
The Exercise was accepted by the Company on June 17, 2025 and holders elected to use a "cashless" exercise of options. Using this method, which is permissible under the terms of the Company's share option plan, as approved as a resolution by shareholders 27 September 2024, the Company pays the option holder the value of the option (volume weighted average trading price less strike price) from cash reserves. Accordingly, no new shares were issued for the option exercise.
A summary of the options exercised is as follows:
| Options Exercised | Strike Price | Volume Weighted Average Trading Price | |
|---|---|---|---|
| Gage Jull | 300,000 750,000 505,000 | CAD 0.05 CAD 0.13 CAD 0.28 | CAD 0.4229 |
| Marshall Abbott | 133,333 816,668 527,222 | CAD 0.28 CAD 0.13 CAD 0.28 | CAD 0.4229 |
| Ravi Sharma | 83,333 333,334 144,444 | CAD 0.26 CAD 0.13 CAD 0.28 | CAD 0.4229 |
| Anthony Zaidi | 333,333 144,444 | CAD 0.13 CAD 0.28 | CAD 0.4229 |
| Grant Carnie | 333,333 | CAD 0.26 | CAD 0.4229 |
| Ian Langley | 333,333 | CAD 0.33 | CAD 0.4229 |
| Joe McFarlane | 300,000 750,000 505,000 | CAD 0.05 CAD 0.13 CAD 0.28 | CAD 0.4229 |
| Total | 6,292,778 |
About Arrow Exploration Corp.
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