CALGARY, June 27, 2011 /CNW/ - The director's of Raimount Energy Inc.
("Raimount") have approved the grant of 270,000 share purchase options
to the directors, officers and key employees of the Company. The
options have a five year term commencing June 27, 2011 and an exercise
price of $2.60 per share. The options are issued pursuant to the terms
of the Company's Stock Option Plan (the "Plan"), which Plan was
approved by the shareholders of the Company at the Annual General
Meeting dated April 27, 2011 and subsequently filed with the TSX
Venture Exchange. The Plan authorizes the issuance of 439,063 share
purchase options provided that no participant be granted more than 5%
of the issued and outstanding common shares of the Company. Raimount is
compliant with the Plan and has not applied a discount to the exercise
price of the optioned shares.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Raimount Energy Inc.
For further information:
please contact the following:
Raimount Energy Inc.
Gregory A. Vavra, President