LGX Oil + Gas Inc. announces stock option grant

CNW Group

CALGARY , Nov. 22, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (OIL.V) announces that it has granted a total of 140,000 stock options effective November 21, 2013 to a director of the Company pursuant to the Company's stock option plan.  The options are exercisable at a price of $0.52 per share.  The options have a five-year term and vest as to one third each year following the date of grant.

LGX is a uniquely positioned, technically driven, junior oil and natural gas company with a proven management team committed to aggressive, cost-effective growth of light oil reserves and production combined with high impact exploration potential in southern Alberta .  LGX's common shares trade on the TSX Venture Exchange under the symbol OIL.

SOURCE LGX Oil + Gas Inc.

Contact:

Trent J. Yanko, P.Eng.
President + CEO

Matt Janisch
Vice President, Finance + CFO

4400, 525 - 8th Avenue S.W.
Calgary, AB T2P 1G1

Telephone: 403.441.2300

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