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CORPORATE NEWS RELEASE
TRACER PETROLEUM CORPORATION NASDAQ Symbol: TCXXF TCXWF Dateline: Vancouver, B.C., Canada VSE Symbol: TCP Date: Monday, January 19, 1998
TRACER PETROLEUM CORPORATION reports that the options that were announced in our news release dated December 29, 1997, are hereby canceled.
In their place the Company grants a total of 1,080,000 new incentive stock options to various employees and directors to purchase 1,080,000 common shares of the Company at $0.50 per share at any time up to and including December 29, 1999.
The grant of stock option is subject to acceptance by regulatory authorities and approval of shareholders.
On behalf of the Board of, TRACER PETROLEUM CORPORATION
"Ed Mowatt"
E.G. (Ed) Mowatt Director
* The Vancouver Stock Exchange has neither approved nor disapproved the content of this release. *
For more information please contact Mr. Ed Mowatt or Mr. Craig Doctor at the Company's headquarters: TRACER PETROLEUM CORPORATION, Suite #510-701 West Georgia St., Vancouver, B.C., V7Y 1G5 Canada Phone: (604) 682-7507 or Fax: (604) 682-0217 |
