Petra Petroleum Inc.

Petra Petroleum Inc.

August 31, 2011 14:49 ET

Petra Petroleum Inc. Announces the Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Petra Petroleum Inc. (TSX VENTURE:PTL) (the "Corporation"). In connection with the recent appointment of John Downes as the new Chief Financial Officer, he has been granted an option to purchase up to a total of 100,000 common shares of the Corporation at the exercise price of $0.43 each for a period of five years from the date of grant.

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

Contact Information

  • Petra Petroleum Inc.
    Robert A. Lambert
    Chief Executive Officer

    Petra Petroleum Inc.
    Michael Atkinson
    (604) 689-1428
    (604) 681-4692 (FAX)