Magnum Energy Announces Grant of Stock Options
26 November 2011 - 9:43AM
Marketwired
MAGNUM ENERGY INC. (the "Corporation") (TSX VENTURE:MEN) is pleased
to announce that a total of 1,625,000 stock options have been
granted to the directors, officers and a consultant of the
Corporation at an exercise price of $0.18 per share for a period of
five years from the date of grant. The options have been granted in
accordance with the Corporation's stock option plan.
The Corporation proposes to reduce the exercise price of a total
of 400,000 stock options with an exercise price of $0.34 to an
exercise price of $0.18 per share. There has been no change to the
expiry dates of the options.
The grant and re-pricing of the stock options are subject to the
approval of the TSX Venture Exchange.
ON BEHALF OF THE CORPORATION
Richard A. Nemeth, President
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 release.
Contacts: Magnum Energy Inc. Richard Nemeth President & CEO
604.669.3155rnemeth@magnumenergyinc.comwww.magnumenergyinc.com
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