Imperial Equities grants stock options

EDMONTON, Aug. 17 /CNW/ - Imperial Equities Inc. (TSX-VEN:IEI) today
announced it has approved a grant of stock options to the directors of
Imperial.
Directors can purchase an aggregate of 400,000 common shares at an
exercise price of $1.00 per common share pursuant to its stock option plan.
The stock options expire five years from the date of grant.

About Imperial Equities Inc.:
Imperial Equities Inc. is based in Edmonton, Alberta. The company is
dedicated to aggressive growth through the acquisition, development and     
re-development of commercial and industrial real estate properties in its
targeted Edmonton and Alberta markets. More information about Imperial
Equities is available by calling (780) 424-7227 or e-mailing the company at
askus(at)imperialequities.com.

  The Toronto Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

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