West Hawk Grants Incentive Stock Options
31 May 2008 - 4:35PM
Marketwired Canada
West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the
"Company") announces that it has granted incentive stock options to its
officers, directors, employees and consultants which allow the purchase of
7,000,000 common shares on or before May 29, 2010 at a price of $0.22 per share.
These options have been granted pursuant to West Hawk's 2006 Stock Option Plan,
which was approved by the Company's shareholders at its last Annual General
Meeting. The exercise of these options remain subject to shareholder approval of
an increase in the number of options that are allowed to be granted under the
Plan. The Company will seek this approval at its next Annual General Meeting to
be held in October 2008.
On behalf of the board of directors,
Dr. Wm. Mark Hart, President and Chief Executive Officer
About the Company: West Hawk Development Corp. is focused on providing valuable,
high-demand energy products from a variety of sources. Assets include the
Figure Four natural gas property located in the Piceance Basin, Colorado, being
developed under a drilling and development agreement; the Groundhog coal
property located in northwest British Columbia; the Tulita coal property in the
Northwest Territories; and the Ellesmere Island, Nunavut Territory coal
property.
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