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IROC ENERGY SERVICES CORP. ISSUES STOCK OPTIONS AND RESTRICTED SHARE UNITS
Jan. 4, 2011 (Canada NewsWire Group) -- CALGARY, Jan. 4 /CNW/ - IROC Energy Services Corp. (&q...
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[{"type":"text","content":"\n\n\n\n Jan. 4, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, Jan. 4 /CNW/ - IROC Energy Services Corp. ("IROC" or the "Company") (TSX Venture Exchange: "ISC") announced that, in accordance with the Company's long term compensation policy, it has granted stock options to purchase a total of 175,000 common shares and 252,100 restricted share units to certain directors and officers of the Company. The stock options are exercisable, once vested, at $1.20 per share for a period of five years, with one third of the options vesting on each of the first, second and third anniversaries of the date of grant. The restricted share units may be redeemed, once vested, into common shares until the end of the third calendar year subsequent to the year in which the units were issued. The restricted share units also vest in thirds on the first, second and third anniversaries of the date the units were issued. The stock options were granted in accordance with the Company's Stock Option Plan and the restricted share units were granted in accordance with the Company' Restricted Share Unit Bonus Plan.\nPublicly reported information for IROC Energy Services Corp. is available at www.sedar.com.\n\nAbout IROC Energy Services Corp.\n\nIROC 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 newes...