TORONTO, ONTARIO--(Marketwire - April 21, 2011) - 3P International Energy Corp. (the "Corporation" or "3P") (TSX VENTURE:DOH) today announced that it has retained Contact Financial Corporation ("Contact") to provide investors relations services. In addition to the grant of 300,000 stock options at $0.75 Contact will be paid $6,000 per month. The initial term of the agreement with Contact expires July 1, 2011 after which it may be renewed on a month to month basis.
The Corporation further announces that it has granted 300,000 stock options at $0.64 to Ronald A. MacMicken in connection with his appointment as interim President and Chief Executive Officer of 3P (previously announced April 12, 2011).
The 600,000 incentive stock options are exercisable for a period of five years pursuant to the Corporation's stock option plan and in accordance with the policies of the TSX Venture Exchange.
About 3P International Energy Corp.
3P International Energy is a Canadian-based emerging oil and gas company focused on developing and enhancing proven oil and gas reserves in Eastern Europe. In the Ukraine, 3P is a joint venture partner on a significant CBM property (512 km2) as well as announced acquisition of a conventional gas portfolio in the Eastern Ukraine. The Company's strategy is to use proven technology, capital and expertise to significantly increase production and reserves. 3P shares are traded on the TSX Venture Exchange under the stock symbol DOH.
On behalf of the board of Directors
Gregory M. Cameron, Chairman
Contact Information:
(604) 689-7422
kirk@contactfinancial.com