Business
IROC Energy Services Corp. announces changes to board of directors and grant of stock options
IROC Energy Services Corp. announces changes to board of directors and grant of stock options
About this update from Information Services Corp. Class A
[{"type":"text","content":"\n\n\n\nJan. 5, 2010 (Canada NewsWire Group) -- CALGARY, Jan. 5 /CNW/ -- IROC Energy Services Corp. (TSX Venture Exchange: \"ISC\") announces the appointment today of Brad Fedora to the board of directors of the Company. Mr Fedora is the CEO and a director of Canyon Services Group Inc. Mr Fedora's appointment is subject to the receipt of all required regulatory approval and acceptance of the TSX Venture Exchange. IROC also announced that each of Jamie Biluk and Grant Fagerheim have advised the Company that they will be resigning from the IROC Board effective January 6th, 2010 due to increased time commitments from their other business ventures.Tom Alford, President and CEO of IROC, commented that, \"we are very pleased to have Brad Fedora join our board. Brad brings industry related experience plus a financial background that will benefit IROC both now and into the future.\" Mr Alford further commented, \"we would like to thank both Jamie and Grant for their contributions to IROC over the years. Each of them played a key role in helping build our Company, especially given the operating environment faced during the past year. We wish both Jamie and Grant the best of luck with their other ventures.\"IROC also announced that it has granted stock options to purchase a total of 482,873 to certain directors and officers of the Company, in accordance with IROC's current long term compensation policy. The stock options are exercisable at $ 0.62 per share for a period of five years.Publicly reported information for IROC Energy Services Corp. is available at www.sedar.com.About IROC Energy Services Corp.IROC Energy Services Corp. is an Alberta oilfield services company that, through the IROC Energy Services Partnership, provides a diverse range of products, services and equipment to the oil and gas industry that are among the newest and most innovative in the WCSB and international markets. IROC combines cutting-edge technology with depth of experience to deliver a product and services offering in three core areas: Well Servicing & Equipment, Downhole Temperature & Pressure Monitoring Tools, and Rental Services. For more information on IROC Energy Services Corp. visit our website at www.iroccorp.com.Cautionary StatementsCertain statements contained in this press release may constitute forward looking statements concerning, among other thi...