CALGARY, Feb. 16, 2012 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or
the "Company") announces that it has recently granted 100,000 options
to a senior officer pursuant to the Company's stock option plan. An
additional 325,000 options have also been granted to employees and
consultants of the Company. Each option, when vested, entitles the
holder to purchase a common share for the price of $0.17 prior to
The options granted vest at a rate of one-third on each of the first,
second and third anniversary dates from the grant date. All of the
options expire on the fifth anniversary date from the date granted.
Ironhorse is a Calgary-based junior oil and natural gas production
company trading on the TSX Venture Exchange under the symbol "IOG."
Neither 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 this release.
SOURCE Ironhorse Oil
For further information:
President and CEO