CALGARY, Jan. 15 /CNW/ - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) today announced that it has granted a total of 4,900,000 incentive stock options to directors, officers, employees and consultants of the Company as of January 15, 2007. Of this amount, 3,200,000 options were granted to insiders. The options are set at an exercise price of CDN$0.64 per common share for a period of five years, expiring on January 14, 2012, with all of the options subject to vesting periods.
As of January 15, 2007, the Company has 412,066,634 issued and outstanding common shares.
About Bankers Petroleum Ltd.
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on opportunities in unconventional petroleum assets. Bankers holds interests in four prospects in the Northern and Central regions of the United States, where it is currently pursuing the exploration of shale gas plays. It also operates in the Patos-Marinza oilfield in Albania pursuant to a license agreement, producing heavy oil. Bankers' shares are traded on the Toronto Stock Exchange and the AIM Market in London, England under the ticker symbol BNK.