Reviso Energy Ltd.

March 25, 2010 15:38 ET

Reviso Energy Ltd. Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - March 25, 2010) - Reviso Energy Ltd. ("Reviso" or the "Corporation") (TSX VENTURE:AVG.P), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), announces that in connection with its recently completed initial public offering, it has granted options to purchase an aggregate of 410,000 common shares of the Corporation at an exercise price of $0.20 per share to certain directors, officers and consultants of the Corporation. The options vest at the rate of one-third on each of the first, second and third anniversaries of the date of grant and expire five years from the date of grant. Details of the grant of options were previously disclosed in the final prospectus of the Corporation dated February 19, 2010.

There are currently 410,000 common shares of Reviso reserved for issuance under the Corporation's stock option plan. 

The grant of the stock options is subject to Exchange approval.

The Corporation is a capital pool company within the meaning of the policies of the Exchange and is listed on the Exchange. The Corporation does not have any operations and has no assets other than cash. The Corporation's business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the policies of the Exchange. Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative. 

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

Contact Information

  • Reviso Energy Ltd.
    Alan D. Jack, P. Eng
    President & Chief Executive Officer
    (403) 517-8818
    (403) 517-8815 (FAX)
    Reviso Energy Ltd.
    Lorie J. Hynes, CA
    Chief Financial Officer
    (403) 517-8818
    (403) 517-8815 (FAX)