WINNIPEG, Jan. 25 /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
900,000 stock options to various officers, directors and consultants of the
Company. The options, which are effective immediately, are priced at
$0.32 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 200,000
Keith Peterson, Secretary-Treasurer 130,000
Michael Mann, Director 130,000
Barry Palka, Director 130,000
Brahm Silverstone, Director 130,000
Kevin Strong, Chief Financial Officer 50,000
Don Bain, Consultant 50,000
Donald F. Benson, Consultant 50,000
Earl French, Consultant 30,000
The majority of these new stock options replace the 650,000 options that
were issued in 2003 and expired earlier this month.
The Company currently has 34,803,276 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: firstname.lastname@example.org,