Coastal Energy Company Grants Stock Options
January 04 2011 - 5:15PM
Marketwired
Coastal Energy Company (the "
Company")
(TSX-V: CEN) (AIM: CEO) announces that it granted a total of
1,570,922 incentive stock options to directors, officers, employees
and contractors of the Company, pursuant to the Company's Stock
Option Plan on December 28, 2010. These options are exercisable at
a price of Cdn $5.75 per share, vest over a period of three (3)
years and expire five (5) years from the date of award. The
following director and officers were granted the following options.
Number of Options Total Options Outstanding After
Director / Officer This Grant This Grant
----------------------------------------------------------------------------
Randy L. Bartley 549,567 3,430,504
William C. Phelps 187,047 1,421,578
John Griffith 146,890 816,084
Stephen M. Holder 28,364 486,991
Jerry A. Moon, Jr. 94,488 409,279
--------------------------------------------------
Subtotal directors and 1,006,356 6,564,436
officers
All other directors and 7,874 2,052,632
officers
All others 556,692 2,250,338
--------------------------------------------------
Total all options 1,570,922 10,867,406
==================================================
As at December 28, 2010 the Company had 109,645,091 shares of
common stock issued and outstanding.
On behalf of Coastal Energy Company "Randy Bartley" President,
Chief Executive Officer and Director
These securities have not been registered under United States
Securities Act of 1933 (the "US Securities Act") or the securities
laws of any state and may not be offered or sold in the United
States or to US persons (as defined in Regulation S under the US
Securities Act) unless an exemption from registration is
available.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
This news release is not for dissemination in the United States
or through United States newswire services
Enquiries: Coastal Energy Company +1 (713)
877-6793 Email: Email Contact Strand Hanson Limited
(Nominated Adviser) +44 (0) 20 7409 3494 Rory Murphy Paul Cocker
Stifel Nicolas Weisel (Broker) +44 (0) 20 3205 3615 Paul
Colucci Macquarie Capital (Europe) Limited (Broker) +44 (0)
20 3037 2000 Ben Colegrave Paul Connolly Buchanan
Communications +44 (0) 20 7466 5000 Tim Thompson Katharine
Sutton Ben Romney
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