TSX.V - LEO
VANCOUVER, April 1 /PRNewswire-FirstCall/ - Lion Energy
Corp. (the "Company" or "Lion Energy") (TSX.V - LEO) is pleased to
confirm that, effective today, Mr. Ian
Gibbs has agreed to become a Company director. The Company
also wishes to announce that it has granted incentive stock options
to purchase up to 300,000 common shares of the Company at a price
of $0.15 each, exercisable until
April 1, 2015. These options have
been granted in accordance with the terms of the Company's stock
option plan adopted by shareholders on April
23, 2008.
About the Company:
The Company is a well-financed, Canadian exploration company
with a vision to develop a significant presence in the developing
oil and gas industry. The Company signed an agreement with Africa
Oil Corp. that grants the Company the right to earn an interest in
five petroleum blocks located in the Republic of Kenya and in Puntland, Somalia. The Company further holds a 27.6%
interest in Encanto Potash Corp., a junior potash exploration
company and a 20% interest in Sulphur Solutions Inc., an emerging
fertilizer company developing state-of-the-art patented technology
for the production of micronized sulphur fertilizer.
On behalf of the Board,
LION ENERGY CORP.
"Brian Thurston"
President and CEO
NEITHER THE 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 THIS NEWS RELEASE
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploration activities and events or developments that
the Company expects to occur, are forward-looking statements.
Forward-looking statements in this news release include statements
regarding the Company's intentions or plans, whether of a corporate
or exploratory nature. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploration and
exploration successes, and continued availability of capital and
financing and general economic, political, market or business
conditions. These statements are based on a number of assumptions,
including, among others, assumptions regarding general business and
economic conditions, the timing and receipt of regulatory and
governmental approvals for the transactions described herein, the
ability of the Company and other parties to satisfy stock exchange
and other regulatory requirements in a timely manner, the
availability of financing for the Company's proposed transactions
and programs on reasonable terms, and the ability of third-party
service providers to deliver services in a timely manner. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected on the forward-looking statements.
The Company does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law or
regulatory policies.
SOURCE Lion Energy Corp.