Antrim Energy Inc.
LSE : AEY

Antrim Energy Inc.

December 12, 2008 09:53 ET

Antrim announces Grant of Options to Directors and Officers

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

CALGARY, ALBERTA (December 12, 2008) - Antrim Energy Inc. ("Antrim" or "the Company")(TSX: AEN; AIM: AEY), an international oil and gas exploration and production company, announces that it has granted directors, employees and consultants of the Corporation options to purchase 2,555,000 common shares of the Corporation at a price of CAD $0.31 per share. The options shall be granted effective December 11 2008 and are exercisable for a period of five years from that date. One third of the options will vest at the end of each of the first, second and third years from the effective date.

The following option grants were made to directors and officers:

                             Number of Stock
Director/Officer             Options Granted
----------------             ---------------
Stephen Greer                        250,000
Dr. Gerry Orbell                     100,000
Colin Maclean                        100,000
Jim Perry                            100,000
James Smith                          100,000
Jay Zammit                           100,000
Kerry Fulton                         150,000
Dr. Brian Moss                       150,000
Douglas Olson                        150,000
Godfrey Stowe                        150,000
Tim Haney                             50,000
                                   ---------
Total                              1,400,000

This press release is being issued in compliance with the rules of the AIM market of the London Stock Exchange.

Nominated Adviser on AIM: Royal Bank of Canada Europe Limited Sarah Wharry Tel: +44 20 7653 4667

Contact Information

  • Douglas B. Olson
    Chief Financial Officer
    Tel: +1 403 264 5111
    Fax: + 1403 264-5113
    Email: olson@antrimenergy.com