SkyWest Energy Corp.
TSX VENTURE : SKW

SkyWest Energy Corp.

December 23, 2010 11:35 ET

SkyWest Energy Corp. Announces Corporate Update

CALGARY, ALBERTA--(Marketwire - Dec. 23, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

SkyWest Energy Corp. ("SkyWest" or the "Company") (TSX VENTURE:SKW) is pleased to announce the grant of options to acquire 8,140,681 common shares of the Corporation ("Common Shares") to various directors, officers, employees and consultants. Of this amount 6,512,545 of the stock options were issued to directors and officers of the Corporation. The options have an exercise price of $0.68 per Common Share and expire on that date that is five years from the date of grant.

The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the granting of the options.

Information Regarding SkyWest

SkyWest Energy Corp. is a Cardium focused exploration and production company based in Calgary, Alberta, Canada.

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

  • SkyWest Energy Corp.
    Lawrence D. Urichuk
    President & CEO
    403-265-0071 ext. 201
    or
    SkyWest Energy Corp.
    Joel MacLeod, CA
    Vice President, Finance & CFO
    403-265-0071 ext. 203