CALGARY, March 16 /CNW/ - BENCHMARK ENERGY CORP. ("Benchmark" or the
"Company" - TSX Venture: BEE) announces that it has granted a total of
448,000 options to purchase capital stock of the Company at a price of $1.00
for a period of five years to officers and directors of the Company, pursuant
to the Company's stock option plan.
Options granted to directors and officers vest as to 1/3 of the total
number of options six months after the date of grant, a further 1/3 of the
total number of options one year after the date of grant, and the remaining
1/3 of the total number of options eighteen months after the date of grant.
Benchmark Energy is a junior Canadian oil and gas exploration Company,
focused internationally on North and West Africa. The Company currently has a
33.33% working interest in the Cosmos Concession in offshore Tunisia. The
Company intends to further its working interests in Tunisia as well as to
develop projects in marginal oil and gas fields in North and West Africa, and
elsewhere as opportunities may arise.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THE CONTENTS OF THIS NEWS
For further information:
For further information: Benchmark Energy Corp., 1414 Eighth Street
S.W., Suite 260, Calgary, Alberta, T2R 1J6, Canada, Telephone: (403) 802-0770,
Facsimile: (403) 266-5732; David R. Robinson, President and Chief Executive
Officer, firstname.lastname@example.org; - or - Noble House Capital,
Investor Relations, Telephone: 1-800-499-2388