Lonestar Grants Stock Options
TORONTO, ONTARIO--(Marketwire - Nov. 20, 2012) - Lonestar West Inc. (TSX VENTURE:LSI) ("Lonestar" or the "Company") announced that it has granted 25,000 incentive stock options to an officer of the Company and an aggregate of 280,000 incentive stock options to various employees of the Company under its Stock Option Plan. All options are exercisable at $1.60 per common share and expire on November 20, 2017.
James Horvath, President, commented "Lonestar is very proud of the strong management team we have created and feel they are critical to our continued success. By issuing these stock options we further strengthen our team's dedication to Lonestar and commitment to our success."
About Lonestar West
The Company currently operates a fleet of HVAC and vacuum trucks throughout Western Canada from its base in Sylvan Lake, Alberta. It is focussed on profitably growing its HVAC services to become a major national competitor in the market area.
For more information please visit the Lonestar West website at www.lonestarwest.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lonestar West Inc.
President & CEO