Raven Energy Ltd.

Raven Energy Ltd.

October 06, 2005 11:41 ET

Raven Energy Grants Stock Options

CALGARY, ALBERTA--(CCNMatthews - Oct. 6, 2005) - Raven Energy Ltd. (TSX VENTURE:RVL) ("Raven") announced today that it has granted an additional 575,000 stock options to its directors, officers, consultants and employees at an exercise price of $1.85 per share. A total of 400,000 of these stock options were granted to directors and officers of Raven which vest in full upon the granting thereof and expire five (5) years from the date of grant. The total number of options outstanding as of the date hereof is 1,325,000.

Raven Energy Ltd. is a public oil and gas exploration, development and production company actively identifying and evaluating exploration prospects in the oil and gas industry in the Province of Alberta.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Raven Energy Ltd.
    Laurie Smith
    President and Chief Executive Officer
    (403) 264-9058