TSX Venture Exchange: PRY
CALGARY,
Feb. 15, 2013 /CNW/ - Pinecrest
Energy Inc. ("Pinecrest") announces that in conjunction with
his appointment to V.P. Engineering, 400,000 stock options were
granted to Mr. Darrin Drall at an
exercise price of $1.34.
Subsequent to this stock option grant, Pinecrest
has a total of 15,516,666 stock options outstanding.
Corporate Information
Pinecrest's common shares trade on the TSX
Venture Exchange under the symbol PRY. Pinecrest currently
has approximately 214,311,365 shares outstanding. Pinecrest's
option plan provides that Pinecrest can issue options equal to 10%
of its issued and outstanding shares from time to time.
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this release.
SOURCE Pinecrest Energy Inc.