WesCan Energy Corp. press release
Blackpool grants stock options
TSXV - TSX Venture Exchange · Oil · Natural Gas · Natural Gas Liquids · Canada
CALGARY, Jan. 30 /CNW/ - Blackpool Exploration Ltd. (BPX.A: TSX Venture Exchange) (the "Company") announces that the Company has granted stock options for a total of two million common shares to certain officers, directors and employees of the Company effective January 30, 2006. In accordance with shareholder approval obtained at the Company's special meeting of the shareholders held on August 18, 2005, a total of 985,000 options have been granted at an exercise price of $0.50 per share. The remaining 1,015,000 options have been granted pursuant to the Company's Stock Option Plan, which was also approved by the shareholders at the August 18, 2005 special meeting, and have an exercise price of $0.44 per share. All of the options are exerciseable on or before January 30, 2011. The granting of these stock options is subject to TSX Venture Exchange approval. The stock options and any shares issued upon the exercise of the stock options will be subject to a four month hold expiring May 31, 2006, under applicable securities laws.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.