VANCOUVER, June 15 /CNW/ - Lexacal Investment Corp. (TSX-V:LIC). Lexacal
Investment Corp. (the "Company") is pleased to announce that the Board of
Directors of the Company has approved the granting of options to purchase up
to 1,700,000 common shares of the Company to senior officers and employees of
the Company's wholly-owned subsidiary, New West Drilling Fluids Inc. ("New
West"). The senior officers and employees of New West shall be entitled to
purchase, in the aggregate, 1,700,000 common shares of the Company, as fully
paid and non-assessable, at a price of $0.11 per share, exercisable in whole
or in part, at any time up to June 30, 2009. One-half of the options shall
vest on January 1, 2008 and the remaining one-half of the options shall vest
on January 1, 2009.
On behalf of the Board of Directors,
LEXACAL INVESTMENT CORP.
Robert F. Chase
ROBERT F. CHASE
President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Richard Collens, Telephone: (403) 303-2665