Ridgeline Energy Services Inc.
TSX VENTURE : RLE

Ridgeline Energy Services Inc.

December 03, 2010 11:33 ET

Ridgeline Energy Services Inc.: Granting of Stock Options

CALGARY, ALBERTA--(Marketwire - Dec. 3, 2010) - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSX VENTURE:RLE) announces that it has granted 898,000 stock options to purchase common shares of the Company. The stock options have an exercise price of $0.50/share and were granted to employees and directors of the Company. The stock options are granted under the Company's stock option plan and will have a 10 year term. The stock option will be subject to certain vesting provisions.

Ridgeline provides environmental services to the Western Canadian energy industry through three operating subsidiaries: Ridgeline GreenFill Inc., Ridgeline Water Inc. and Ridgeline Environment Inc. These business units provide soil and wastewater treatment and environmental consulting solutions. With over a decade of serving the oil patch, Ridgeline brings experience, professionalism, and precision to the well site and the board room to assist producers in making the right choices for their business.

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

Neither 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

  • Ridgeline Energy Services Inc.
    Clint Wolstenholme
    (403) 806-2380
    clint@ridgelinecanada.com
    or
    Hamza Thindal Capital Corp
    Kam Thindal
    (604) 488-9875