Pinecrest Energy Inc. Announces Stock Option Grant
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.
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.For further information:
Pinecrest Energy Inc.
500, 255 - 5 Avenue SW
Calgary, Alberta T2P 3G6
Wade Becker, President and CEO
Dan Toews, V.P. Finance & CFO
Tel: (403) 817-2550 or
Fax: (403) 817-2599