Central Alberta Well Services Corp.
TSX VENTURE : CWC

Central Alberta Well Services Corp.

June 18, 2010 17:00 ET

Central Alberta Well Services Announces Granting of Stock Options

CALGARY, ALBERTA--(Marketwire - June 18, 2010) - Central Alberta Well Services Corp. ("CWC" or the "Company") (TSX VENTURE:CWC) announces the Company has granted 250,000 options to key employees and directors of the Company. 

These options vest equally over a three year term and expire in five years. The issue price has been set by the Board of Directors at $0.25, a price which ties to the recent rights offering which closed in early December. Following this issue of options the Company will have approximately 7.4 million options outstanding or 49.7% out of a possible 15.9 million options.

About Central Alberta Well Services

Central Alberta Well Services provides oilfield services, including well servicing, coil tubing, snubbing, nitrogen, well testing and oilfield equipment rentals to oil and gas companies operating in the Western Canadian Sedimentary Basin. The Company has its corporate office in Calgary, Alberta, with its operational head office in Red Deer, Alberta, and additional operating centres in Provost, Alberta, Brooks, Alberta, Grande Prairie, Alberta and a recently opened satellite facility in Weyburn, Saskatchewan.

Common Shares: 159,184,064

Contact Information

  • Central Alberta Well Services Corp.
    Darryl E. Wilson
    President & Chief Executive Officer
    (403) 264-2177
    darrylwilson@cawsc.com
    or
    Central Alberta Well Services Corp.
    Darcy A. Campbell, CMA
    Vice-President, Finance and Chief Financial Officer
    (403) 264-2177
    darcycampbell@cawsc.com
    or
    Central Alberta Well Services Corp.
    755, 255 - 5 Avenue SW
    Calgary, Alberta T2P 3G6