/THIS DOCUMENT IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED
STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS/
CALGARY, Sept. 11 /CNW/ - BNP Resources Inc. ("BNP") announces that it
granted options to acquire up to 1,255,000 Class A shares ("Class A Shares")
of BNP, all of which were granted to directors and officers of BNP. Each grant
of options is for a five year term, expiring on September 11, 2014. The
options vest over three years (1/3 on each of the first, second and third
anniversary of the grant date). The options are exercisable at a price of
$0.10 per Class A Share. Inclusive of the 1,255,000 options granted to acquire
Class A Shares, there are options outstanding to purchase a total of 2,500,693
Class A Shares, or approximately 9.9% of BNP's issued and outstanding Class A
BNP is actively engaged in the exploration for and the development and
production of oil and natural gas reserves. BNP's business strategy is to
build sustainable and profitable per share growth through internally generated
exploration and development drilling.
BNP has 25,035,834 Class A Shares and 922,500 Class B shares issued and
outstanding which trade on the TSX Venture Exchange under the symbols "BNX.A"
Further information with regards to BNP may be found on the SEDAR website
www.sedar.com or on BNP's website www.bnpresources.com.
Neither the 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 release.
For further information:
For further information: Gregory Bilcox, President and CEO, BNP
Resources Inc., Phone: (403) 695-1091, Fax: (403) 265-0413