CALGARY, ALBERTA--(Marketwire - Aug. 26, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited ("Groundstar") (TSX VENTURE:GSA) is pleased to announce that, subject to TSX Venture Exchange approval, Groundstar has today granted 1,980,000 incentive stock options to certain officers, directors, employees and consultants of Groundstar pursuant to its Stock Option Plan. These options will be exercisable at a price of $0.08 per share, fully vested by August 26, 2012 and will expire on August 26, 2016.
Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Contact Information:
Kam Fard
President
(403) 265-2549
kfard@groundstarresources.com
Groundstar Resources Limited
Jason Krueger, CFA
Investor relations
(403) 374-1234
jason@redwood-capital.com