Grant of Stock Options
Arrow Exploration Corp. announced the grant of 6,198,334 stock options to directors, officers, and employees under the company's stock option plan. The options have a strike price of CAD 0.225 and vest in thirds on the first, second, and third anniversaries of the grant, expiring six months after vesting. A total of 5,815,000 options were granted to PDMRs, including 1,477,223 to Marshall Abbott, 1,555,000 to Gage Jull, 1,555,000 to Joe McFarlane, 561,111 to Ravi Sharma, 333,333 to Grant Carnie, and 333,333 to Ian Langley. Following these grants, the company will have a total of 23,395,002 options issued under the plan. The grants compensate recipients for previous awards that have lapsed or been exercised.
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CALGARY, October 9, 2025 - Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a stock options grant.
Stock Options Grant
The Company has granted 6,198,334 stock options ("Options") to Directors, officers and employees, pursuant to the Company's Stock Option Plan (the "Plan"). The Plan is intended to assist in attracting, retaining, engaging and rewarding directors, officers and employees of the Company, provide additional incentive to these people for their efforts on behalf of the Company, and to align with the enhancement of shareholder value. The Plan was re-approved by shareholders at the Company's Annual General Meeting held on 24 September 2025. Under the Plan, the Company is able to issue Options to a maximum of 10% of the number of issued and outstanding common shares in the Company from time to time. The following PDMRs have been granted the options listed below:
PDMR Options Granted
| Marshall Abbott | 1,477,223 |
| Gage Jull | 1,555,000 |
| Joe McFarlane | 1,555,000 |
| Ravi Sharma | 561,111 |
| Grant Carnie | 333,333 |
| Ian Langley | 333,333 |
| Total PDMR Options Granted | 5,815,000 |
The Options have a strike price of CAD 0.225, and vest in thirds on each of the first, second and third anniversaries of grant. The options expire six months from vesting. Following these grants, the Company shall have a total 23,395,002 options issued under the Plan.
In line with previous awards the Options being granted today are to compensate the recipient for previous awards that have recently lapsed or been exercised meaning that their total interest in shares under option remains approximately constant.
About Arrow Exploration Corp.
Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Arrow Exploration Switzerland GmbH) is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, under-explored and offer high potential growth. The Company's business plan is to expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Pursuant to certain private agreements entered between Arrow and its partner, Arrow is entitled to receive 50% of the production from the Tapir block and has the right to request approval to Ecopetrol S.A. for the assignment of 50% of all rights, interests and obligations under the Tapir Association Contract. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol "AXL".
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.