Pine Cliff Energy Ltd. Grants Incentive Stock Options
CALGARY, ALBERTA--(Marketwire - Oct. 30, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Pine Cliff Energy Ltd. (Pine Cliff) (TSX VENTURE:PNE) announces that is has granted an aggregate of 6,735,000 stock options to its directors, officers, employees and certain service providers, of which 3,195,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $0.65 per share and will expire between April 30, 2014 and April 30, 2016. The total number of Pine Cliff common shares reserved for issuance pursuant to stock options outstanding as of the date hereof is 10,260,000.
For further information
Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff's website at www.pinecliffenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Pine Cliff Energy Ltd.
Philip B. Hodge
President, CEO and Director
(403) 265-7488 (FAX)