WINNIPEG, Dec. 15 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or, "the Company"), today
announced that pursuant to the terms and conditions of its Stock Option
Plan, the Board of Directors ("the Board") has approved the granting of
1,725,000 stock options to directors and officers of the Company, along
with selected Nordic consultants and employees. The options, which are
effective immediately, are priced at $0.10 per share and will run for a
period of five years from today's date.
The Company currently has 81,892,178 issued and outstanding Class A
Common shares listed on the TSX Venture Exchange.
About Nordic Oil and Gas Ltd.
Nordic Oil and Gas Ltd. is a junior oil and gas company engaged in the
exploration and development of oil, natural gas and Coal Bed Methane in
Alberta and Saskatchewan. The Corporation is listed on the TSX Venture
Exchange and trades under the symbol NOG.
Neither the 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 the contents of
this News Release.
SOURCE Nordic Oil & Gas Ltd.
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Nordic Oil and Gas Ltd.