Business
Bankers Petroleum grants options
Bankers Petroleum grants options.
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\n\nCALGARY, July 2 /CNW/ - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK)\nannounced today that it has granted a total of 3,975,000 incentive stock\noptions to directors, officers and employees of the Company as of July 2,\n2007. Of this amount, 2,240,000 options were granted to directors and\nofficers. The options are set at an exercise price of CDN$0.52 per common\nshare for a period of five years, expiring on July 1, 2012, with two-thirds of\nthe options subject to vesting periods.\n\n\nA portion of the options were granted to several new senior employees\nhired to strengthen Bankers' technical capabilities around production,\noperations, reservoir and geology. These additions position the Company for\nfurther growth and value creation. The remainder were granted in recognition\nof the continued progress and growth of the Company.\n\n\nAs of July 2, 2007, the Company has 448,109,492 issued and outstanding\ncommon shares.\n\n\nAbout Bankers Petroleum Ltd.\n\n\nBankers Petroleum Ltd. is a Canadian-based oil and gas exploration and\nproduction company focused on opportunities in unconventional petroleum\nassets. Bankers holds interests in four prospects in the Northern and Central\nregions of the United States, where it is currently pursuing the exploration\nof shale and tight gas sand plays. It also operates in the Patos-Marinza\noilfield in Albania pursuant to a license agreement, producing heavy oil.\nBankers shares are traded on the Toronto Stock Exchange and the AIM Market in\nLondon, England under the ticker symbol BNK.\n\n\n","length":1600,"tagName":"div"}]