Pine Cliff Energy Ltd.
TSX VENTURE : PNE

Pine Cliff Energy Ltd.

November 14, 2013 20:07 ET

Pine Cliff Energy Ltd. Grants Stock Options

CALGARY, ALBERTA--(Marketwired - Nov. 14, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) announces that it has granted an aggregate of 2,588,000 stock options to its directors, officers, employees and certain service providers, of which 1,410,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $1.12 per share and will expire between May 14, 2015 and May 14, 2017. The total number of Pine Cliff common shares reserved for issuance pursuant to stock options outstanding as of the date hereof is 14,478,000, which represents 7.2 percent of common shares outstanding.

About Pine Cliff:

Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff's website at www.pinecliffenergy.com.

Neither 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

  • Pine Cliff Energy Ltd.
    Philip B. Hodge
    President and CEO
    (403) 269-2289

    Pine Cliff Energy Ltd.
    George F. Fink
    Executive Chairman
    (403) 269-2289

    Pine Cliff Energy Ltd.
    Kirsten Lankester
    Manager Investor Relations
    (403) 269-2289
    (403) 265-7488 (FAX)
    info@pinecliffenergy.com
    www.pinecliffenergy.com