RAIMOUNT GRANTS SHARE PURCHASE OPTIONS

CALGARY, June 27, 2011 /CNW/ - The director's of Raimount Energy Inc. ("Raimount") have approved the grant of 270,000 share purchase options to the directors, officers and key employees of the Company. The options have a five year term commencing June 27, 2011 and an exercise price of $2.60 per share. The options are issued pursuant to the terms of the Company's Stock Option Plan (the "Plan"), which Plan was approved by the shareholders of the Company at the Annual General Meeting dated April 27, 2011 and subsequently filed with the TSX Venture Exchange. The Plan authorizes the issuance of 439,063 share purchase options provided that no participant be granted more than 5% of the issued and outstanding common shares of the Company. Raimount is compliant with the Plan and has not applied a discount to the exercise price of the optioned shares.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE Raimount Energy Inc.

For further information:

please contact the following:

Raimount Energy Inc.
Gregory A. Vavra, President   
403-265-6292
gvavra@raimount.com

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Raimount Energy Inc.

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