“Falcon Oil & Gas Ltd. (TSXV: FO) announced today that, under the stock option plan approved at Falcon's annual and special shareholders meeting held on December 14, 2010, it has granted incentive stock options to purchase an aggregate of 17,660,000 common shares of Falcon to a number of recipients including directors, officers, employees and consultants.”

Well, I consider this excellent news. After all, the idea behind stock option grants is to give employees the incentive to align their interests with that of the stockholders.