Arcan Resources Ltd. Issues Options
07 Septiembre 2012 - 7:50PM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Arcan Resources Ltd. ("Arcan") (TSX VENTURE:ARN) announces that on September 7,
2012, pursuant to the provisions of its stock option plan, it granted an
aggregate of 1,107,000 options to acquire an equivalent number of common shares
of Arcan to certain officers and employees of Arcan. No directors were issued
options in this grant. The options have an exercise price of $1.33 per share.
The options expire on September 7, 2017. All stock option grants of Arcan are
subject to receipt of the necessary regulatory approvals.
About Arcan
Arcan Resources Ltd. is an Alberta, Canada corporation that is principally
engaged in the exploration, development and acquisition of petroleum and natural
gas located in Canada's Western Sedimentary Basin.
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