WINNIPEG, Dec. 31 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) ("Nordic" or "the Company"),
today announced that the Board of Directors has approved the granting of
1,570,000 stock options to various officers, directors and consultants of the
Company. The options, which are effective immediately, are priced at $0.60 per
share and will run for a period of five years from today's date.
Following is a breakdown of the newly issued Nordic Oil and Gas stock
Donald P. Benson, Chairman & CEO 450,000
Keith Peterson, Secretary-Treasurer 225,000
Michael Mann, Director 225,000
Barry Palka, Director 225,000
Brahm Silverstone, Director 225,000
Don Bain, Consultant 125,000
Donald F. Benson, Consultant 75,000
Earl French, Consultant 20,000
Following the successful closing of its recent financing, the Company
currently has 34,643,309 issued and outstanding Class A Common shares listed
on the Toronto Venture Exchange.
Nordic Oil and Gas is a junior oil and gas exploration company, which is
listed on the TSX Venture Exchange and trades under the symbol NOG.
The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this News Release.
For further information:
For further information: Donald Benson, Chairman & CEO, Nordic Oil & Gas
Ltd., Tel: (204) 956-5042, Fax: (204) 897-7154, email:email@example.com,