Raise Production Inc. Announces Granting of Stock Options
November 26 2012 - 2:27PM
PR Newswire (Canada)
Raise Production Inc. Announces Granting of Stock Options
CALGARY,
Nov. 26, 2012 /CNW/ - Raise
Production Inc. (TSX-V: RPC) ("Raise" or the "Company") announces
that it has granted 1,075,000 stock options to purchase common
shares of the Company at an exercise price of $0.51/share. The stock options have been granted
to employees, directors and officers of the Company under the
Company's stock option plan and will have a 5 year term. Each
option granted and any common shares issued under exercise of the
options will be subject to a four month hold period. The stock
options will be subject to certain vesting provisions.
About Raise Production Inc.
The Company is an innovative oilfield service
company that focuses its efforts on the production service sector,
the production services segment utilizes its patented products to
enhance and increase ultimate production in both conventional and
unconventional gas, oil, and CBM wells. The Company was founded in
1994 and is listed on the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Raise Production Inc.
Copyright 2012 Canada NewsWire
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