Aveda Transportation and Energy Services
TSX VENTURE : AVE

August 28, 2012 17:09 ET

Aveda Transportation and Energy Services Inc. Announces Grant of Incentive Stock Options

CALGARY, ALBERTA--(Marketwire - Aug. 28, 2012) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE:AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, announces that pursuant to the terms and conditions of its incentive stock option plan, it has granted, in the aggregate, 121,138 incentive stock options (the "Options") to purchase Common Shares of Aveda to certain officers and employees of the Company.

The Options are exercisable for a five year period at a price of $2.80 per share. One third of the Options will vest in the second quarter of 2013, one third of the Options will vest on the first anniversary of the first vesting date, and one third of the Options will vest on the second anniversary of the first vesting date.

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

  • Aveda Transportation and Energy Services Inc.
    Bharat Mahajan, CA
    Vice President, Finance and Chief Financial Officer
    (403) 264-5769
    bharat.mahajan@avedaenergy.com