VANCOUVER, Dec. 11 /CNW/ - New West Energy Services Inc. (TSX-V:NWE). New
West Energy Services Inc., formerly Lexacal Investment Corp. (the
"Corporation"), wishes to announce that it has today issued options to
purchase 1,620,000 Common shares at $0.15 per share under the terms of the
Corporation's Stock Option Plan. 995,000 of the options have been issued to
employees of the Corporation or its wholly owned subsidiary, New West Drilling
Fluids Inc. ("NWDF"), and 625,000 of the options have been issued to officers
and directors of the Corporation or NWDF.
In addition, the Corporation wishes to announce that in lieu of paying
commissions to its employees and consultants on future sales transactions, the
Corporation has established an annual bonus system available to all employees
of NWDF. The annual bonus system calls for setting aside 10% of the net profit
of the Corporation before extraordinary items and taxes at each year end to be
divided amongst the employees of NWDF based on certain criteria.
On behalf of the Board of Directors,
NEW WEST ENERGY SERVICES INC.
Robert F. Chase
ROBERT F. CHASE
President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Richard J. Collens, Telephone: (403) 263-7555