APIC Petroleum Corporation
TSX VENTURE : API

APIC Petroleum Corporation

February 29, 2012 16:03 ET

APIC Petroleum Corporation Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2012) - APIC PETROLEUM CORPORATION (TSX VENTURE:API) (the "Company" or "APIC") announced today that it has granted incentive stock options to directors, officers, consultants and employees of the Company for the purchase of an aggregate of 4,600,000 common shares of the Company, at an exercise price of $0.22 per share, vesting immediately and expiring on the fifth anniversary of the date of grant. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant. The options have been granted in accordance with the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.

NEITHER 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.

Contact Information

  • APIC Petroleum Corporation
    Dennis A. Sharp
    Chief Executive Officer
    (416) 367-0150
    (416) 367-0165 (FAX)

    APIC Petroleum Corporation
    John Clark
    Chief Financial Officer
    (416) 367-0150
    (416) 367-0165 (FAX)