Drake Pacific Enterprises Ltd.

Drake Pacific Enterprises Ltd.

August 28, 2007 18:58 ET

Drake Announces Grant of Stock Options to New Directors and Officers

CALGARY, ALBERTA--(Marketwire - Aug. 28, 2007) - Drake Pacific Enterprises Ltd.(the "Corporation") (TSX VENTURE:DPE) announces that the board of directors has resolved to grant stock options to purchase 450,000 common shares of the Corporation to the new officers and directors of the Corporation having an exercise price of $0.26, subject to the approval of the TSX Venture Exchange. The aforesaid stock options shall vest over a period of eighteen (18) months and shall expire on August 28, 2012.

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

Contact Information

  • Drake Pacific Enterprises Ltd.
    Roger Penner
    President & Chief Executive Officer
    (403) 263-2173
    (403) 263-8254 (FAX)