CORRE Announces Option Issuance
20 Enero 2014 - 5:32PM
Marketwired
CORRE Announces Option Issuance
TORONTO, ONTARIO--(Marketwired - Jan 20, 2014) - Canadian Oil
Recovery and Remediation Enterprises Ltd. (TSX-VENTURE:CVR)
("CORRE" or the "Company") announces the grant of an aggregate of
3,300,000 options to acquire CORRE common shares at a price of
$0.135 per common share to certain officers, directors, employees
and consultants of the Company. These options will vest in twelve
equal installments beginning on the first anniversary of the date
of their grant. The options expire on the earlier of their fifth
anniversary date or the time the optionees cease to serve as
officers, directors or employees of the Company.
About CORRE
CORRE (www.corre.com) is a Canadian-based oil services company
which trades on the TSX Venture Exchange under the symbol CVR.
CORRE provides full cycle oil waste management solutions to the
petroleum industry. CORRE's customers are primarily in the upstream
petroleum sector (oil production and drilling companies) and
downstream petroleum sector (oil refinery, transportation and
distribution companies). CORRE's operating lines include
remediating oil-contaminated soil; treating sludge, oil based muds
and drilling waste, oil recovery; automated oil storage tank
cleaning, oil and gas engineering, and project management. CORRE
provides its advanced environmental solutions through strategic
operating partnerships with some of the most distinguished
companies throughout the world.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Forward-looking statements are based on
the opinions and estimates of management at the date the statements
are made, and are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
statements. Except as required by applicable securities
requirements, the Company undertakes no obligation to update
forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to
place undue reliance on forward-looking statements.
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 the release.
CORRE LTD.John LorenzoChairman &
CEO416-368-4027jlorenzo@corre.comCORRE LTD.David FreemanCorporate
Development & Shareholder
Communications416-368-4027dfreeman@corre.comwww.corre.com
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