Cirrus Energy Corporation - Options granted to officers, directors and employees

Mon Aug 17, 8:00 AM

CALGARY, Aug. 17 /CNW/ - Cirrus Energy Corporation (TSXV: CYR.V) ("Cirrus") announced today that it has granted options to officers, directors and employees of Cirrus to acquire up to 120,000 Common Shares having an exercise price of $2.72 per share, vesting evenly over a three year period and expiring two years after vesting, pursuant to the Cirrus' stock option plan.

Cirrus Energy Corporation is an international oil and gas company headquartered in Calgary with operations in The Netherlands, Trinidad and the U.K. and currently has 73.3 million Common Shares outstanding (78.7 million fully diluted following this granting of options).

    
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Contacts

David Taylor
President and Chief Executive Officer
Pamela Orr
Vice President
Finance and Chief Financial Officer
Cirrus Energy Corporation
Suite 208
5 Richard Way S.W.
Calgary
Alberta
T3E 7M8
Canada
Website: www.cirrusenergy.ca
Telephone: (403) 216-5030
Facsimile: (403) 265-9530