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AVE Aveda Transport And Energy Svcs (delisted)

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Aveda Transport And Energy Svcs (delisted) TSXV:AVE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Aveda Transportation and Energy Services Announces Grant of Incentive Stock Options and New Director

04/12/2012 3:06pm

Marketwired Canada


Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX
VENTURE:AVE), a leading provider of oilfield hauling services and equipment
rentals to the energy industry, announces that pursuant to the terms and
conditions of its incentive stock option plan, it has granted, in the aggregate,
281,664 incentive stock options (the "Options") to purchase Common Shares of
Aveda to certain officers and directors of the Company.


The Options are exercisable for a five year period at a price of $2.00 per
share. The Options will vest over three years as one third on each anniversary
date of the grant.


The Company also announces that Stefan Erasmus has been appointed to its board
of directors. Stefan is president of Werklund Capital Corporation, a Werklund
family office, which together with other entities supports the Werklund family
and its wealth management. He is also a board member of the Werklund Foundation,
governing the family's philanthropy. He is responsible for overseeing strategic
business development, risk management, and general corporate and family
governance. Over his career, Stefan has held numerous senior executive positions
and is actively involved in numerous non-profit activities personally and sits
on a number of boards for private companies and charitable organizations.


"We are delighted to have Stefan on Aveda's board," said David Werklund,
Executive Chairman of Aveda "We continue to add strength to our board and
management team as we build Aveda into a strong transportation and energy
services company."


About Aveda Transportation and Energy Services

Aveda provides specialized transportation of products, materials, supplies and
equipment required for the exploration, development and production of petroleum
resources in the Western Canadian Sedimentary Basin and in the United States of
America principally in and around the states of Texas and Pennsylvania.
Transportation services include both the equipment necessary to move the load as
well as a trained, professional driver capable of securing, moving and
manipulating the load at its origin and destination. Aveda's rental operations
include the rental of tanks, mats, pickers, light towers and other equipment
necessary for oilfield operations.


Aveda was incorporated in 1994 as a private company to serve the oil and gas
industry. In the spring of 2006 the Company went public on the TSX Venture
Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Leduc, AB,
Sylvan Lake, AB Mineral Wells, TX, Pleasanton, TX, Midland, TX and New Columbia,
PA. Aveda is publicly traded on the TSX Venture Exchange under the symbol AVE.
For more information on Aveda please visit www.avedaenergy.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aveda Transportation and Energy Services
Bharat Mahajan, CPA, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com
www.avedaenergy.com

1 Year Aveda Transportation and Energy Chart

1 Year Aveda Transportation and Energy Chart

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1 Month Aveda Transportation and Energy Chart

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