CALGARY, Sept. 14, 2011 /CNW/ - Wrangler West Energy Corp. ("Wrangler West" or the "Company") (TSXV: WX) announces the grant of options to acquire a total of 365,000 common
shares at an exercise price of $2.05 per share. The options were
granted in accordance with the Company's Stock Option Plan which was
amended and approved by the shareholders on May 26, 2010. The options
vest in one-third increments, beginning on the date of grant and on the
following first and second anniversary. Subject to vesting, the
options expire five years from the date of grant. Of the options
issued, 130,000 were granted to directors, 170,000 were granted to
officers, and 65,000 were granted to employees of Wrangler West.
Wrangler West is a Canadian junior crude oil and natural gas producer
which explores for and develops crude oil and natural gas production
assets in the Province of Alberta. Since inception, the Company's
mandate has been to use the drill bit to add shareholder value.
Disciplined management of operations and the production portfolio
creates sufficient funds flow to support ongoing operations. Wrangler
West intends to continue to reinvest funds flow from operations and
other available capital to protect current and add future value.
Wrangler West trades on the TSX Venture Exchange under the symbol "WX".
Neither TSX Venture Exchange nor its Regulation Services Provider (as
the term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
SOURCE Wrangler West Energy Corp.
For further information:
Wrangler West Energy Corp.
Steven F. Johnson
President and Chief Executive Officer
telephone: (403) 290-6800