Westcore Energy Ltd.

May 13, 2009 17:13 ET

Westcore Announces Option Grant and Exercise of Agent's Options

CALGARY, ALBERTA--(Marketwire - May 13, 2009) - WESTCORE ENERGY LTD. (the "Corporation" or "Westcore") (TSX VENTURE:WTR) announces the grant of an aggregate of 200,000 options to acquire common shares in the capital of Westcore at a price of $0.70 to a consultant of Westcore. Such options (and the common shares exercisable upon exercise) are exercisable for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.

Westcore also announces the exercise of an aggregate of 62,500 agent's options by Union Securities Inc., Westcore's agent under its initial public offering, to purchase 62,500 common shares in the capital of the Corporation. After giving effect to this exercise, a further 62,500 agent's options remain outstanding.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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 the release.

Contact Information

  • Westcore Energy Ltd.
    Paul Conroy
    President and Chief Executive Officer
    (403) 697-4005
    (403) 237-6181 (FAX)