CORP. / Ridgeway Petroleum announces Stock Options
CALGARY, Feb. 5 /CNW/ - The Company announces the grant, subject to
regulatory approval, of an incentive stock option entitling the purchase, for
a period of two years, of up to 250,000 common shares of the Company at a
price of $3.30 per share, being a premium over the average closing price per
share of the Company's shares for the five trading days commencing on January
29, 1998 and ending on February 4, 1998.
The Company also announces the grant, subject to regulatory approval, of
an incentive stock option entitling the purchase, for a period of three years,
of up to 50,000 common shares of the Company at a price of $3.50 per share,
being the closing price per share of the Company's shares on February 4, 1998.
ON BEHALF OF THE BOARD OF DIRECTORS
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J. Bruce Petrie, Chief Financial Officer
NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED
HEREIN.
Certain statements in this News Release constitute ''forward looking
statements'' within the meaning of the Private Securities Litigations Reform
Act of 1995. Such forward looking statements involve risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Corporation to be materially different from any future
results, performance of achievements expressed or implied by such forward
looking statements. |
