Trinidad Drilling announces minor changes to its stock option plan

Trinidad Drilling announces minor changes to its stock option plan 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION 
IN THE UNITED STATES./ 
TSX SYMBOL:  TDG 
CALGARY, April 29, 2014 /CNW/ - Trinidad Drilling Ltd. ("Trinidad") announces 
that the Board of Directors of Trinidad has approved minor amendments to 
Trinidad's stock option plan (the "Option Plan") which will place a limit on 
individual awards to non-employee directors in equity compensation plans, 
together with other administrative amendments.  The Toronto Stock Exchange has 
approved the amended Option Plan.  The proposed amendments were made in part 
to address comments raised by Institutional Shareholder Services Inc. ("ISS") 
in the course of its consideration of the Option Plan. 
The amendments to the Option Plan reflect the following changes: 
Trinidad established a maximum non-employee director participation limit of an 
annual equity award value of $100,000 per director (as determined by a 
Black-Scholes calculation).  In addition, the amended Option Plan requires 
shareholder approval for any amendment to the amending provisions to the 
Option Plan or the non-employee director participation limit. 
The amended Option Plan will be proposed to the shareholders for ratification 
at our next annual general meeting to be held May 8, 2014 and Trinidad is 
bound by the terms of the amended Option Plan until such time as the amended 
Option Plan is approved by shareholders.  A copy of the amended plan can be 
found on our SEDAR profile at www.sedar.com. 
The board of directors feels that these amendments address all of the concerns 
raised by ISS with respect to the Option Plan. 
Trinidad believes a critical component of their executive compensation program 
is the provision of long-term incentives to the executives, senior managers 
and other key employees of the organization to ensure that a clear link exists 
between employee compensation and the growth in shareholder value.  The Option 
Plan is a fundamental component of its corporate strategy which is designed to 
align individual goals and objectives with Trinidad's objective of creating 
shareholder value. 
FORWARD-LOOKING INFORMATION 
This press release contains forward-looking statements and forward-looking 
information (collectively, "forward-looking information") within the meaning 
of applicable Canadian securities laws.  The use of any of the words "expect", 
"anticipate", "will", "future" and similar expressions are intended to 
identify forward-looking information.  In particular, this press release 
contains forward-looking information pertaining to Trinidad's understanding of 
ISS's concerns regarding its Option Plan and ratification of the Option Plan 
at the shareholder meeting. 
The forward-looking information included in this press release reflects 
several factors, expectations and assumptions including, without limitation: 
the belief that the amendments made to the Option Plan will address all of 
ISS's concerns and that the Option Plan will be ratified at the shareholder 
meeting. 
The forward-looking information included in this press release is not a 
guarantee of future performance and should not be unduly relied upon.  
Forward-looking information is based on current expectations, estimates and 
projections that involve a number of risks and uncertainties, which could 
cause actual results to differ materially from those anticipated and described 
in the forward-looking information including, without limitation: Trinidad's 
belief that they have addressed all of ISS's concerns regarding the Option 
Plan and that the Option Plan will be ratified at the shareholder meeting.  
The forward-looking information contained in this press release speaks only as 
of the date of this press release and Trinidad assumes no obligation to 
publicly update or revise such forward-looking information to reflect new 
events or circumstances, except as may be required pursuant to applicable 
securities laws. 
This news release shall not constitute an offer to sell or the solicitation of 
an offer to buy the shares in any jurisdiction.  The shares offered will not 
be and have not been registered under the United States Securities Act of 1933 
and may not be offered or sold in the United States or to a United States 
person, absent registration, or an applicable exemption therefrom.
 

SOURCE  Trinidad Drilling Ltd. 
 Lyle Whitmarsh Chief Executive Officer 
Brent Conway President 
Lisa Ottmann Vice President, Investor Relations (403) 294-4401 
lottmann@trinidaddrilling.com 
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CO: Trinidad Drilling Ltd.
ST: Alberta
NI: OIL  
-0- Apr/29/2014 15:12 GMT
 
 
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