CALGARY, April 27, 2012 /CNW/ - ArPetrol Ltd. ("ArPetrol" or the "Company") (TSXV: RPT) wishes to announce that it has granted options to purchase an aggregate of 9,693,000 common shares to certain directors, officers, employees and consultants of the Company pursuant to the Company's approved stock option plan. The options are exercisable at a price of $0.10 per common share, will vest in thirds over three years and will expire seven years from the grant date.
About ArPetrol Ltd.
The Company is a Calgary based public company currently engaged in oil and gas exploration, development and production and third-party natural gas processing in Argentina where it also owns and operates a gas processing facility with capacity of 85 million cubic feet (MMcf) per day. The Company's common shares are listed on the TSXV under the symbol "RPT".
Additional information relating to the Company is also available on SEDAR at www.sedar.com.
Neither the TSXV nor its Regulation Services Provider (as defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Tim Thomas, President and Chief Executive Officer
Ian Habke, Chief Financial Officer
Main Phone: (403) 263-6738