NuLoch Resources Inc.

NuLoch Resources Inc.

March 16, 2010 15:20 ET

NuLoch Resources Expands Team and Issues Options

CALGARY, ALBERTA--(Marketwire - March 16, 2010) -

NuLoch Resources Inc. ("NuLoch" or the "Company") (TSX VENTURE:NLR.A) (TSX VENTURE:NLR.B) announces the addition of two new members to its team.

Bill Irwin, P. Eng has joined NuLoch in the position of Manager, Operations. He brings over 25 years experience as an engineer and executive in the oil and gas industry with considerable experience in the United States. Mr. Irwin reports to Terry Schneider, Vice-President, Operations.

Jamie Harrison, CA has also joined the team as Controller. He brings nine years of experience in the field of financial reporting with a major international accounting firm. Mr. Harrison reports to Brian Murray, Executive Vice-President and CFO.

The Board of Directors of NuLoch has approved a grant of stock options to directors, officers and employees of the Company to purchase an aggregate of 1,745,000 Class A common shares at an exercise price of $1.54 per common share pursuant to the Company's stock option plan. The options vest at the rate of one-third annually over three years and expire five years from the date of grant.

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

Contact Information

  • NuLoch Resources Inc.
    R. Glenn Dawson
    President and CEO
    (403) 920-0455
    (403) 920-0457 (FAX)
    NuLoch Resources Inc.
    2200, 444 - 5th Avenue SW
    Calgary, Alberta T2P 2T8