/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN
THE UNITED STATES OR TO ANY
UNITED STATES NEWS SERVICES./
TSX Venture Exchange: PRY
CALGARY,
July 30, 2013 /CNW/ - Pinecrest
Energy Inc. ("Pinecrest" or the "Company") (TSX Venture: PRY)
announced today that holders of an aggregate of 13,030,000 stock
options of the Company ("Options") have voluntarily surrendered
such Options for nominal consideration. Following the surrender of
such Options, the Company has 235,000 Options outstanding pursuant
to the option plan of the Company, which represents, in aggregate,
approximately 0.11% of the issued and outstanding common shares of
the Company ("Common Shares").
Corporate Information
Pinecrest's common shares trade on the TSX
Venture Exchange under the symbol PRY. Pinecrest currently
has 217,712,365 million basic shares outstanding.
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 release.
SOURCE Pinecrest Energy Inc.