Category: News Releases Incentive Options Withdrawn
Petrostar Petroleum Corporation (TSX-V-PEP) (www.petrostarpetroleum.ca) intends to withdraw its previous grant of a total of 1,556,500 incentive stock options to its officers and directors and a total of 100,000 incentive stock options to its consultants. The options withdrawn were to be exercisable for a period of 2 to 5 years at a price of $0.15 per share. The Company is of the opinion that it is best served by granting such options at a later date and a higher exercise price.ON BEHALF OF THE BOARD OF DIRECTORS
“Robert A. Sim”
________________________
Robert A. Sim, Director
The Toronto Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond its control and actual results may differ materially from the expected results.
Return to the News & Updates Index