CERF Incorporated announces stock option grant

CALGARY, Feb. 11, 2013 /CNW/ - CERF Incorporated ("CERF Inc.") is pleased to announce that it has granted 592,000 stock options to directors, officers, employees and consultants of CERF Inc. at an exercise price of $3.09.

The stock options have been granted pursuant to CERF Inc.'s 10% rolling stock option plan and will expire five years from the date of grant.  Certain of the stock options vest immediately and certain of the stock options vest as to one third thereof on each of the first, second and third anniversaries of the date of grant.  Subsequent to this stock option grant, CERF Inc. will have a total of 592,000 stock options outstanding.

CERF Inc. is a Canadian public corporation engaged in the rental, sale and service of industrial, construction and oilfield equipment and waste management and environmental services.  CERF Inc. trades on the TSX Venture Exchange under the symbol "CFL" and currently has 11,671,096 common shares issued and outstanding.

Neither the 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: CERF Inc.

Wayne Wadley, President & CEO at [phone], by email at [email protected] or Ken Stephens, Vice President, Finance & CFO at [phone], by fax at [phone], by email at [email protected].