Renegade Petroleum Ltd.

Renegade Petroleum Ltd.

January 22, 2010 16:12 ET

Renegade Petroleum Ltd. Announces Stock Option Grants

CALGARY, ALBERTA--(Marketwire - Jan. 22, 2010) - Renegade Petroleum Ltd. (the "Company") (TSX VENTURE:RPL) announces that in accordance with the Company's previously approved stock option plan, the board of directors has today granted an aggregate of 2,865,000 options ("Options") to purchase common shares in the capital of the Company to the directors, officers and employees of the Company. The Options each have an exercise price of $3.10 per share, are exercisable for a period of 5 years and vest in one third (1/3) increments on the first, second and third anniversaries of the date of grant.

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

  • Renegade Petroleum Ltd.
    Michael Erickson
    President & CEO
    (403) 355-8922
    Renegade Petroleum Ltd.
    Alex Wylie
    Vice-President, Finance & CFO
    (403) 410-3376
    Renegade Petroleum Ltd.
    Suite 725, 435 - 4th Avenue S.W.
    Calgary, AB T2P 3A8