CALGARY, Alberta, April 02, 2018 (GLOBE NEWSWIRE) -- DIVERGENT Energy Services Corp. (TSX-V:DVG) (the "Corporation") announces that the Corporation has completed its annual review of incentive plan awards, and subject to regulatory approval, its board of directors has approved, effective April 2, 2018, the grant of an aggregate of 400,000 stock options to the members of the Technical Advisory Committee, exercisable into common shares of the Corporation at an exercise price of $0.085 per common share. In addition, the board of directors has approved, effective April 2, 2018, the grant of an aggregate of 1,095,000 stock options to directors, officers and employees of the Corporation, exercisable into common shares of the Corporation at an exercise price of $0.155 per common share, a premium to market. All of the aforementioned stock options shall vest as to one-third at 12 months, one-third at 24 months and one-third at 36 months from the date of grant and have a five year term to expiry.
ABOUT DIVERGENT ENERGY SERVICES CORP.
Headquartered in Calgary, Alberta, DIVERGENT Energy Services Corp. provides an array of Artificial Lift products and services that are used in the oil and gas industry. Products include Electromagnetic Pumps, Electric Submersible Pumps, and Electric Submersible Progressing Cavity Pumps.
For Further Information: Ken Berg, President and Chief Executive Officer; or Scott Hamilton, Chief Financial Officer.
DIVERGENT Energy Services Corp., 1500, 715 – 5th Ave SW, Calgary, AB T2P 2X6, (403) 543-0060, (403) 543-0069 (fax), www.divergentenergyservices.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Source:DIVERGENT Energy Services Corp.