CALGARY, Feb. 4, 2013 /CNW/ - Raise Production Inc. (TSX-V: RPC)
("Raise" or the "Company") announces that it has granted 700,000 stock
options to purchase common shares of the Company at an exercise price
of $0.42/share. The stock options have been granted to an employee and
officer of the Company under the Company's stock option plan and will
have a 5 year term. Each option granted and any common shares issued
under exercise of the options will be subject to a four month hold
period. The stock options will be subject to certain vesting
About Raise Production Inc.
The Company is an innovative oilfield service company that focuses its
efforts on the production service sector, utilizing its patented
products to enhance and increase ultimate production in both
conventional and unconventional horizontal oil and gas wells.
This news release contains certain forward-looking statements. All
statements, other than statements of historical fact, are forward
looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from these
anticipated in such statements.
Neither 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 news
SOURCE: Raise Production Inc.
For further information:
Eric Laing, President and Chief Executive Officer
Susan Scullion, Chief Financial Officer
Raise Production Inc.
2620-58th Avenue S.E.
Calgary, Alberta T2C 1G5
Tel: (403) 699-7675
Web site at: www.raiseproduction.com