Choice Resources Corp.
TSX VENTURE : CZE

Choice Resources Corp.

September 07, 2005 18:53 ET

Choice Announces Grant of Stock Options and Appointments

CALGARY, ALBERTA--(CCNMatthews - Sept. 7, 2005) - Choice Resources Corp. (TSX VENTURE:CZE) (the "Corporation") announces the grant, subject to regulatory approval, of incentive stock options for 1,240,000 common shares to directors, officers, employees and consultants of the Corporation. The options are exercisable at a price of $0.84 per share, have an expiry date of September 7, 2010 and vest 25% upon regulatory approval and 12-1/2% every quarter thereafter. This issue represents approximately 2.15% of the Corporation's current issued and outstanding shares.

The Corporation would also like to announce the appointments of Mr. Tom Badura as Vice President of Production and Dennis Forgeron as Vice President of Business Development. Mr. Badura has over 27 years of experience with North Canadian Oils Ltd., Elan Energy Inc., and Calpine Canada Corp. He has been with Choice for one year as Manager of Production. Mr. Dennis Forgeron has been with the Corporation since March 2004 and has been instrumental in the growth and development of Choice. He will continue in his role as Chief Operating Officer in addition to this appointment.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Choice Resources Corp.
    Gordon Harris
    President and Chief Executive Officer
    (403) 216-7694
    (403) 216-5828 (FAX)