Culane Energy Corp.
TSX VENTURE : CLN

Culane Energy Corp.

June 10, 2009 11:58 ET

Culane Energy Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwire - June 10, 2009) - Culane Energy Corp. (TSX VENTURE:CLN) ("Culane"or the "Company") announces it has granted a total of 835,000 share options to purchase the same number of Class A shares. The options were granted on June 10, 2009 with the exercise price of $1.65 per share based on the trading price of the Company's shares at the close of market on June 9, 2009. Officers of the Company received 500,000 of the total. In addition, 700,000 share options previously granted to non-officer employees and consultants, which were substantially out of the money, have been cancelled. The share options outstanding as of today's date is 2,285,000.

About Culane Energy Corp.

Culane is a junior oil and gas company engaged in the exploration, development and production of oil and natural gas in Alberta.

23,122,754 Class A Shares

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Culane Energy Corp.
    Donald D. Staus
    President and Chief Executive Officer
    (403) 263-2773
    (403) 263-2776 (FAX)
    Email: dstaus@culaneenergycorp.com
    or
    Culane Energy Corp.
    Stewart Larsen
    Vice President of Finance and Chief Financial Officer
    (403) 263-2773
    (403) 263-2776 (FAX)
    Email: slarsen@culaneenergycorp.com
    or
    Culane Energy Corp.
    Thomas H. Field
    Vice President, Engineering and Operations
    (403) 263-2773
    (403) 263-2776 (FAX)
    Email: tfield@culaneenergycorp.com
    or
    Culane Energy Corp.
    420, 333 - 5th Avenue S.W.
    Calgary, Alberta T2P 3B6
    Website: www.culaneenergycorp.com