North Peace Energy Provides Details of Option Grant

Wed Jun 24, 12:22 AM

TSX-V: NPE

CALGARY, June 23 /CNW/ - North Peace Energy Corp. ("North Peace") will be proceeding with a grant of options of 2.4 million common shares, each at an exercise price of $0.55 per share. 2.1 million of these options will be allocated among existing directors and officers of North Peace.

About North Peace

North Peace Energy has an in situ oil sands project in northern Alberta with 86,400 acres of nearly contiguous leases bridging the Peace River and Athabasca oil sands areas.

    
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Contacts

Louis Dufresne
President and CEO
James Glessing
Vice President
Finance & CFO
North Peace Energy Corp.
630
505 - 3rd Street SW
Calgary
Alberta
T2P 3E6
Telephone (403) 262-6024
Facsimile: (403) 262-6072
E-mail: info@northpec.com
www.northpec.com