TG World Energy Corp.

TG World Energy Corp.

August 17, 2005 13:45 ET

TG World Energy Corp. Announces Stock Option Grants

CALGARY, ALBERTA--(CCNMatthews - Aug. 17, 2005) - TG World Energy Corp. (TSX VENTURE:TGE) (the "Corporation") has announced the grant of 920,000 options (the "Options") to directors and officers of the Corporation on August 16, 2005 pursuant to its shareholder approved Stock Option Plan. All of the Options are exercisable for a 5 year term at $0.99 per common share (being the closing price of the common shares on the TSX Venture Exchange (the "Exchange") on August 15, 2005), and vest over 3 years from the date of grant. Following today's grant, 791,200 common shares remain reserved for issuance pursuant to the Corporation's Stock Option Plan.

The issuance of the Options is subject to the Corporation obtaining any regulatory or Exchange approvals as may be required.

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

Contact Information

  • TG World Energy Corp.
    Clifford M. James
    President & CEO
    (403) 265-4506
    (403) 264-7028 (FAX)