Business
Avery Resources Approves Granting of Options
Avery Resources Approves Granting of Options.
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n\n\nCALGARY, June 12 /CNW/ - The board of directors of Avery Resources Inc.\n(TSX-V: ARY) has approved the granting of 1,560,000 options to officers,\ndirectors and employees of the Corporation. The options have an exercise price\nof $0.72 per share and expire five years from June 12, 2006, which is the date\nof grant.\n\nAbout Avery\nAvery Resources is an international junior oil and gas exploration\ncompany based in Calgary, Alberta that trades on the TSX Venture Exchange\nunder the symbol ARY. The company is committed to growing shareholder value\nthrough international acquisitions and exploration. Avery's primary interest\nis in Australia, where the company is building a significant presence through\npartnerships, drilling and acquisitions. A successful oil well (Toparoa-1) was\nrecently drilled by Avery and its partner in the Cooper Basin region of\nAustralia where Avery is planning to drill up to eight wells over the next\nyear.\n\nForward looking statements: Except for statements of historical fact, all\nstatements in this press release, without limitation, regarding new projects,\nacquisitions, future plans and objectives are forward-looking statements which\ninvolve risks and uncertainties. There can be no assurance that such\nstatements will prove to be accurate; actual results and future events could\ndiffer materially from those anticipated in such statements.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n%SEDAR: 00003559E\n\n\n","length":1573,"tagName":"div"}]