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CALGARY, ALBERTA--(Marketwire - Sept. 26, 2012) - CYGAM Energy Inc. (TSX VENTURE:CYG) ("CYGAM", or the "Company"), an emerging oil and gas company with interests in Tunisia and Italy, announces that pursuant to the terms and conditions of its stock option plan, it has granted 510,000 stock options to purchase Common Shares of CYGAM (the "Options") to a director. The Options vest immediately, are exercisable at an exercise price of $0.35 per share and expire as follows: one third on July 6, 2013, one third on July 6, 2014 and the remaining third on July 6, 2015. |
