CALGARY, Sept. 1 /PRNewswire-FirstCall/ - Sharon Energy
Ltd. announced today that its Board of Directors has approved the
issuance of stock options, effective August
31, 2010, to purchase 2,810,000 common shares of the
Corporation at a price of $0.135 per
share, exercisable until August 31,
2015.
The options are being issued to Directors and Officers of the
Corporation in accordance with Sharon's Share Option Plan dated July 22, 2003.
The total number of options outstanding after the issuance is
3,710,000, or 5% of the issued and outstanding common shares of the
Corporation.
Sharon is an oil and gas
exploration and production company based in Calgary, Alberta.
ADVISORY: This press release contains forward looking
statements. Although Sharon
believes that the expectations reflected in these forward looking
statements are reasonable, undue reliance should not be placed on
them because Sharon can give no
assurance that they will prove to be correct. Since forward looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The forward
looking statements contained in this press release are made as of
the date hereof and Sharon
undertakes no obligations to update publicly or revise any forward
looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws.
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 Sharon Energy Ltd.
Copyright t. 1 PR Newswire