Madalena Announces Grant of Options

BUENOS AIRES, Argentina, April 13, 2018 (GLOBE NEWSWIRE) — Madalena Energy Inc. (“Madalena” or the “Company”) (TSXV:MVN) (OTCQX:MDLNF) announces the grant of 11,400,000 options (“Options”) including 8,000,000 Options to officers and directors of the Company. The Options have an exercise price of $0.22 per common share of the Company (“Common Share”) and are exercisable for a period of five years from the date of grant. The Options will vest as to one-third of the options to vest immediately, one-third to vest on the first anniversary date of the date of grant and the final third on the second anniversary date of the grant.

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