CALGARY, June 2 /CNW/ - Kroes Energy Inc. (TSX Venture: KRS) announced
today that it has granted incentive stock options to Officers, Directors and
Consultants of the Company for the purchase of 975,000 common shares at $0.56
per share. The options have a term of five years and will vest at one-third
each year for three years. Under its option plan, Kroes can issue up to 10% of
the number of shares outstanding and, prior to this grant, there were
1,285,000 shares available for the issue of options.
Kroes Energy is a junior oil and gas producer and explorer with a major
oilfield redevelopment project in Ukraine, one of Eastern Europe's fastest
growing economies. Kroes has a strong management team, with extensive
international experience. Shares trade on the TSX Venture Exchange under the
symbol KRS.
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