Grand Petroleum Inc.

Grand Petroleum Inc.

December 20, 2006 13:41 ET

Grand Petroleum Inc. Announces Grant of Options

CALGARY, ALBERTA--(CCNMatthews - Dec. 20, 2006) - Grand Petroleum Inc. ("Grand" or the "Corporation") (TSX VENTURE:GPP) announced today, subject to receipt of applicable regulatory approval, that Grand has granted to its directors, officers, and employees options to purchase an aggregate of 597,500 common shares in the capital of the Corporation, exercisable at a price of $3.83 per common share until December 20, 2011. Grand will now have 26,281,190 basic shares outstanding and 28,857,023 fully diluted shares.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Grand Petroleum Inc.
    Andrew Hogg
    President and CEO
    (403) 231-8403
    Grand Petroleum Inc.
    Brenda Galonski
    (403) 231-8402