CALGARY, ALBERTA--(Marketwire - Jan. 25, 2012) - Pine Cliff Energy Ltd. ("Pine Cliff") (www.pinecliffenergy.com) (TSX VENTURE:PNE) announced today that it has granted stock options to purchase 2,975,000 common shares of Pine Cliff at an exercise price of $0.38 per share to certain of its officers, directors, employees and service providers. The stock options will expire between 18 months and 3.5 years from the date of grant. The stock options will have minimum vesting periods ranging from one to three years. The total number of options outstanding as of the date hereof is 2,975,000. The grant of stock options is subject to regulatory and shareholder approval.
For Further Information:
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 or by contacting Phil Hodge.
Neither the 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:
Phil Hodge
President and CEO
(403) 269-2289
(403) 265-7488 (FAX)
info@pinecliffenergy.com
www.pinecliffenergy.com