Wrangler West Announces Grant of Stock Options
September 14 2011 - 6:44PM
PR Newswire (Canada)
CALGARY, Sept. 14, 2011 /CNW/ -- CALGARY, Sept. 14, 2011 /CNW/ -
Wrangler West Energy Corp. ("Wrangler West" or the "Company")
(TSXV: WX) announces the grant of options to acquire a total of
365,000 common shares at an exercise price of $2.05 per
share. The options were granted in accordance with the
Company's Stock Option Plan which was amended and approved by the
shareholders on May 26, 2010. The options vest in one-third
increments, beginning on the date of grant and on the following
first and second anniversary. Subject to vesting, the options
expire five years from the date of grant. Of the options
issued, 130,000 were granted to directors, 170,000 were granted to
officers, and 65,000 were granted to employees of Wrangler West.
Corporate Profile Wrangler West is a Canadian junior crude oil and
natural gas producer which explores for and develops crude oil and
natural gas production assets in the Province of Alberta. Since
inception, the Company's mandate has been to use the drill bit to
add shareholder value. Disciplined management of operations and the
production portfolio creates sufficient funds flow to support
ongoing operations. Wrangler West intends to continue to reinvest
funds flow from operations and other available capital to protect
current and add future value. Wrangler West trades on the TSX
Venture Exchange under the symbol "WX". Neither TSX Venture
Exchange nor its Regulation Services Provider (as the term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
To view this news release in HTML formatting, please use the
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http://www.newswire.ca/en/releases/archive/September2011/14/c3322.html
p bWrangler West Energy Corp./bbr/ Steven F. Johnsonbr/ President
and Chief Executive Officerbr/ a
href="mailto:info@wranglerwest.ca"info@wranglerwest.ca/abr/
telephone: (403) 290-6800 /p
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