Canadian Spirit Resources Inc. Announces Grant of Stock Options
December 04 2013 - 2:54PM
Marketwired
Canadian Spirit Resources Inc. Announces Grant of Stock Options
CALGARY, ALBERTA--(Marketwired - Dec 4, 2013) - Canadian Spirit
Resources Inc. ("CSRI" or the "Corporation")
(TSX-VENTURE:SPI)(OTCBB:CSPUF) announces, subject to TSX Venture
Exchange (the "Exchange") acceptance, that the Corporation's Board
of Directors has approved a grant of 2,450,000 options to acquire
shares of the Corporation in accordance with the terms and
conditions of the Corporation's Stock Option Plan.
Independent directors of the Corporation were granted a total of
300,000 options as compensation for their services. Officers and
employees were granted a total of 2,150,000 options as incentive
compensation. All the options have a term of five years and may be
exercised at a price of $0.30 per share. Subject to acceptance by
the Exchange, this grant of options will result in a total of
6,342,000 options outstanding at a weighted average exercise price
of $0.58 per share, and will represent 7.0 percent of the total
common shares currently outstanding.
CSRI is a natural resources Corporation focusing on the
identification and development of opportunities in the
unconventional natural gas sector of the energy industry.
Information regarding CSRI is available on SEDAR at
www.sedar.com or the Corporation's website at www.csri.ca.
On behalf of the Board of Directors
CANADIAN SPIRIT RESOURCES INC.
Alfred Sorensen, Chief Executive Officer & Secretary
The corporate information contained in this news release may
contain forward-looking forecast information. The reader is
cautioned that assumptions used in the preparation of such
information, although considered reasonably accurate by CSRI at the
time of preparation, may prove to be incorrect. The actual results
achieved during the forecast period will vary from the information
provided herein and the variations may be material. Consequently
there is no representation by CSRI that actual results achieved
during the forecast period will be the same in whole or in part as
those forecast.
NEITHER THE 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
Canadian Spirit Resources Inc.Alfred Sorensen(403)
539-5005alfred.sorensen@csri.caCanadian Spirit Resources Inc.Phil
Geiger(403) 539-5005phil.geiger@csri.cawww.csri.ca
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