Painted Pony Petroleum Ltd.
TSX VENTURE : PPY.A
TSX VENTURE : PPY.B

Painted Pony Petroleum Ltd.

May 30, 2011 15:31 ET

Painted Pony Petroleum Ltd. Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - May 30, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) (TSX VENTURE:PPY.B) announces that pursuant to the terms and conditions of its stock option plan, it has granted, in the aggregate, 354,000 incentive stock options to purchase Class A Shares of Painted Pony (the "Options"), to certain of its officers and employees. The Options are exercisable over a five year period at an exercise price of $12.10 per share, with 33.3% vesting immediately, 33.3% in one year, and the final 33.3% vesting in two years.

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 news release.

Contact Information

  • Painted Pony Petroleum Ltd.
    Patrick R. Ward
    President & CEO
    (403) 475-0440

    Painted Pony Petroleum Ltd.
    Joan E. Dunne
    Vice President, Finance & CFO
    (403) 475-0440

    Painted Pony Petroleum Ltd.
    300, 602 - 12 Ave SW
    Calgary, AB T2R 1J3
    (403) 238-1487 (FAX)