TORONTO, Aug. 18 /CNW/ - Alange Energy Corp. (TSXV: ALE) announced today
that on August 12, 2009 it granted options to purchase 29,600,000 common
shares of Alange Energy to directors, officers, employees and consultants of
the company, subject to regulatory approval. The stock options were granted
pursuant to Alange Energy's stock option plan and are exercisable at a price
of $0.435 per share, the closing market price on the date prior to the date of
grant, for a period of five years.
Alange Energy is a Canadian-based oil and gas exploration and production
company, with working interests in five properties in Colombia.
This press release may contain forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
Actual results may differ materially from those currently anticipated.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties. Important factors that could cause actual results to differ
materially from those expressed or implied by such forward looking statements
are detailed from time to time in the company's periodic reports filed with
the British Columbia Securities Commission and other regulatory authorities.
The company has no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
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 release
For further information:
For further information: Michael Davies, Chief Financial Officer, (416)
360-4653, ext. 224