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CALGARY, March 29 /CNW/ - Western Energy Services Corp. announces today that it has issued 2,350,000 options to employees and officers of the Company. Each option entitles the holder to acquire one common share of the company for $0.11 for a period of 5 years from the date of issuance. One third of the options vest immediately, one third will vest in one year and the balance will vest two years from the date of grant. A total of 1,550,000 of these options were issued to officers of the Company.
Western Energy Service Corp. is an oil field services company trading on the TSX Venture Exchange under the symbol "WSV".
The Company relies upon litigation protection for "forward looking" statements. Statements made in this news release that relate to future plans, expectations, events or performances are forward-looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.