/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, May 26, 2011 /CNW/ - Contact Exploration Inc. ("Contact" or the "Company") (TSXV: CEX) announces that it has issued 750,000 stock options to a director of the
Company in accordance with the Company's shareholder approved stock
option plan. The stock options are exercisable at a price of $0.23 per
share, expire in five years and vest immediately.
Contact Exploration Inc. is a public company with a focus on Canadian
East Coast onshore oil and gas production and exploration. Our
philosophy is to operate production and exploration in our core area of
Atlantic Canada and to participate through overrides and carried
interests in certain regional unconventional plays, such as coalbed
methane in the Cumberland Basin, shale gas in the Windsor area, and
exploration on the west coast of Newfoundland. Contact has onshore
interests in Nova Scotia, Newfoundland and New Brunswick which includes
the Stoney Creek Field. In addition to the Atlantic Canadian
properties, Contact has producing oil assets in south eastern
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities in any jurisdiction.
The common shares of Contact will not be and have not been registered
under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to
a U.S. person, absent registration or applicable exemption therefrom.
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.
SOURCE Contact Exploration Inc.
For further information:
President and CEO
Contact Exploration Inc.
Phone: (403) 234-8663
Fax: (403) 695-3915