Osprey Energy amends stock option plan
Osprey Energy Ltd (2) OEL
Shares issued 10,908,621 Sep 16 close $0.45
Mon 16 Sept 2002 News Release
Mr. Bernard Robichaux reports
Osprey Energy has amended its stock option plan. New grants totalling
425,000 options are awarded to directors, management and employees at 40
cents per share until Sept. 9, 2006. In addition, a total of 629,000 other
outstanding options have been repriced at 40 cents until Sept. 9, 2006. The
total number of options outstanding has been reduced by 281,000 to
1,204,000. This represents 8.85 per cent of the company's issued capital of
13,590,628 as of Sept. 9, 2002.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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