/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO
ANY UNITED STATES NEWS SERVICES./
CALGARY, Sept. 24 /CNW/ - Benchmark Energy Corp. ("Benchmark" or the
"Company" - TSX Venture: BEE) is pleased to announce the appointment of Mr.
Brian Petersen to the Board of Directors of the Company.
Mr. Petersen has been in the investment banking business for 18 years
including 16 years with RBC Capital Markets in Toronto, Calgary and Houston.
He has been an advisor to numerous energy companies in Canada, the US and
internationally, having been involved in over $20 billion of mergers and
acquisitions and over $23 billion of equity financings.
He holds a Bachelors of Commerce degree from the University of British
Colombia, and also holds the Chartered Financial Analyst designation.
Benchmark also wishes to announce that it has granted a total of 275,000
options to purchase capital stock of the Company at a price of $0.55, for a
period of five years to Mr. Petersen, pursuant to the Company's stock option
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 is a junior Canadian oil and gas exploration Company, focused
This news release shall not constitute an offer to sell or the
solicitation of any offer to buy the securities in any jurisdiction.
Certain information regarding Benchmark contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements may include estimates, plans, anticipations,
expectations, opinions, forecasts, projections, guidance or other similar
statements that are not statements of fact. Although Benchmark believes that
the expectations reflected in such forward-looking statements are reasonable,
it can give no assurance that such expectations will prove to be correct.
These statements are subject to certain risks and uncertainties and may be
based on assumptions that could cause actual results to differ materially from
those anticipated or implied in the forward-looking statements. Benchmark's
forward-looking statements are expressly qualified in their entirety by this
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Benchmark Energy Corp.: David R. Robinson,
President, Phone: (403) 802-0770, Fax: (403) 266-5732, E-Mail: