EDMONTON, ALBERTA--(Marketwire - Aug. 13, 2012) - Bri-Chem Corp. ("Bri-Chem") (TSX:BRY), a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe, announces that it has granted options to acquire up to 695,000 common shares to four executive officers, three independent directors and key employees of Bri-Chem. The options are granted in accordance with Bri-Chem's stock option plan and have terms that expire ten years from the grant date.
About Bri-Chem
Since our formation in 1985, Bri-Chem has established two primary segments of business through a combination of internal growth and acquisitions: Bri-Chem's Drilling Fluid Division is North America's largest independent wholesale supplier of drilling fluids for the oil and gas industry. We provide over 350 critical drilling fluid products, cementing, acidizing and stimulation additives from 25 strategically located warehouses throughout Canada and the United States; Bri-Chem's Steel Pipe Division is one of only two companies in North America that can manufacture and supply large diameter seamless steel pipe for the energy industry. Bri-Chem is the first company to introduce Thermal Pipe Expansion (TPE) and testing in North America. Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com.
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Contact Information:
Jason Theiss
CFO
(780) 455 8667 x237
jtheiss@brichem.com
CHF Investor Relations
Juliet Heading
Account Manager
(416) 868-1079 x239
juliet@chfir.com
CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 x231
cathy@chfir.com