TULSA, Okla., Sept. 8 /CNW/ -- American Natural Energy Corporation
("ANEC") (TSX Venture: ANR.U) is pleased to announce that its board of
directors has today approved the grant of options to purchase up to 4.65
million common shares pursuant to its 2001 Stock Incentive Plan. The options
are exercisable at a price of US$0.07 per share and will expire on September
8, 2014. The grant included 3.2 million shares to officers and directors.
The grant is subject to the approval of the TSX Venture Exchange.
ANEC is a Tulsa, Oklahoma based independent exploration and production
company with operations in St. Charles Parish, Louisiana. For further
information please contact Michael Paulk, CEO at 918-481-1440 or Steven P.
Ensz, CFO at 281-367-5588.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
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 release.
This Press Release may contain statements which constitute
forward-looking statements within the meaning of the US Private Securities
Litigation Reform Act of 1995, including statements regarding the plans,
intentions, beliefs and current expectations of ANEC, its directors, or its
officers with respect to the future business, well drilling and operating
activities and performance of ANEC. Forward-looking statements also include
the intended use of proceeds. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties. The actual results and outcome of events may
differ materially from those in the forward-looking statements as a result of
various factors. The levels of and fluctuations in the prices for natural gas
and oil and the demand for those commodities, the outcome of ANEC's
development and exploration activities, including the success of its current
and proposed well drilling activities and the availability of capital to
pursue those activities could affect ANEC and its future prospects. ANEC's
inability to raise additional capital would adversely affect its ability to
pursue its drilling program and its liquidity. Important additional factors
that could cause such differences are described in ANEC's periodic reports and
other filings made with the Securities and Exchange Commission and may be
viewed at the Commission's Website at http://www.sec.gov.
For further information:
For further information: Michael Paulk, CEO, +1-918-481-1440, or Steven
P. Ensz, CFO, +1-281-367-5588, both of American Natural Energy Corporation Web