CALGARY, Nov. 26, 2012 /CNW/ - Raise Production Inc. (TSX-V: RPC) ("Raise" or the "Company") announces that it has granted 1,075,000 stock options to purchase common shares of the Company at an exercise price of $0.51/share. The stock options have been granted to employees, directors and officers of the Company under the Company's stock option plan and will have a 5 year term. Each option granted and any common shares issued under exercise of the options will be subject to a four month hold period. The stock options will be subject to certain vesting provisions.
About Raise Production Inc.
The Company is an innovative oilfield service company that focuses its efforts on the production service sector, the production services segment utilizes its patented products to enhance and increase ultimate production in both conventional and unconventional gas, oil, and CBM wells. The Company was founded in 1994 and is listed on the TSX Venture Exchange.
Neither 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 news release.
SOURCE: Raise Production Inc.
For further information:
Eric Laing, President and Chief Executive Officer
Raise Production Inc.
2620-58th Avenue S.E.
Calgary, Alberta T2C 1G5
Tel: (403) 699-7675
E-mail: [email protected]
Web site at: www.raiseproduction.com