Pinecrest Energy Inc. Announces Stock Option Grant
October 08 2012 - 2:14AM
PR Newswire (Canada)
TSX Venture Exchange: PRY CALGARY, Oct. 9, 2012 /CNW/ -
Pinecrest Energy Inc. ("Pinecrest") announces that in accordance
with its annual option granting procedures it has granted 2,860,000
stock options to directors and officers of Pinecrest at an exercise
price of $1.70. Subsequent to this stock option grant, Pinecrest
has a total of 15,385,000 stock options outstanding. Corporate
Information Pinecrest's common shares trade on the TSX Venture
Exchange under the symbol PRY. Pinecrest currently has
approximately 214,311,365 shares outstanding. Pinecrest's
option plan provides that Pinecrest can issue options equal to 10%
of its issued and outstanding shares from time to time. Neither the
TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of this release. Pinecrest
Energy Inc. CONTACT: Pinecrest Energy Inc.500, 255 - 5 Avenue
SWCalgary, Alberta T2P 3G6Wade Becker, President and CEOorDan
Toews, V.P. Finance & CFOTel: (403) 817-2550 orFax: (403)
817-2599
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