CGX Energy Inc.'s a corporation incorporated in Guyana and in which CGX Energy holds a 62% equity interest, held its annual and special meeting of shareholders on August 21, 2013. Dr. Suresh Narine, Mr. Dewi Jones, Ms. Tralisa Maraj, Mr. Michael Galego, Mr. Edward Beharry and Mr. John Lewis, the six nominees proposed as directors and listed in ON Energy's management information circular dated July 26, 2013 were elected as directors. ON Energy's audited financial statements for the fiscal year ended December 31, 2012 were approved and TSD Lal & Co. (an independent correspondent firm of Deloitte Touche Tohmatsu) were appointed as auditors of ON Energy for the ensuing year. ON Energy's stock option plan reserving up to 10% of the issued and outstanding shares of the company was also approved by ON Energy shareholders.
CGX Energy also announces the granting of incentive stock options to purchase 6,775,000 common shares of the Company to existing and newly appointed directors and officers of the Company, subject to regulatory approval. The stock options were granted on August 19, 2013 pursuant to the Company's stock option plan and are exercisable at a price of $0.69 per share, set to expire on August 19, 2018.
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