Gastem Grants Options to Directors
04 Fevereiro 2011 - 6:25PM
Marketwired
Gastem (TSX VENTURE: GMR) announces that the company has granted,
subject to regulatory approval, 30,000 incentive stock options to
directors of the company, for a total of 120,000 incentive stock
options, at an exercise price of $0.21 per share expiring five
years from the date of grant. This grant of options is to
compensate the directors for their services rendered during the
year 2010 and is in line with the annual compensation program of
the company. The annual compensation program was initially prepared
by an independent compensation firm and adopted in 2008.
Mr. Murray Rodgers has resigned from the Board of Directors as a
result of his increased activities as President and CEO of Zodiac
Exploration, active in California and Nova Scotia. Gastem thanks
Mr. Rodgers for his expertise, time and support, and wishes him all
the best in his new venture. His replacement is to be announced
shortly.
Gastem is an independent oil and gas exploration and development
company based in Montreal. The company holds exploration and
storage permits and rights in the St. Lawrence Lowlands, the Gaspe
Peninsula and the Magdalen Islands in Quebec as well as rights and
interests in New York State and Virginia.
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 release.
Contacts: Gastem David Vincent 514-875-9034
David.Vincent@Gastem.ca
(TSXV:GMR)
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