Culane Energy Corp.
TSX VENTURE : CLN

Culane Energy Corp.

December 02, 2010 13:10 ET

Culane Energy Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwire - Dec. 2, 2010) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OR TO U.S. PERSONS.

Culane Energy Corp. ("Culane"or the "Company") (TSX VENTURE:CLN) announces it has granted an aggregate of 1,210,000 stock options to acquire class "A" common shares of the Company pursuant to its incentive stock option plan, of which 805,000 stock options were granted to directors and officers of the Company. The stock options are exercisable at $1.30 per share for a period of five years. 

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.

27,189,754 Common Shares

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is define din the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

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