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GMR

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Share Name Share Symbol Market Type
TSXV:GMR 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 -

Gastem Grants Options to Directors

04/02/2011 7:25pm

Marketwired Canada


Gastem (TSX VENTURE:GMR) announces that the company has granted, subject to
regulatory approval, 30,000 incentive stock options to directors of the company,
for a total of 120,000 incentive stock options, at an exercise price of $0.21
per share expiring five years from the date of grant. This grant of options is
to compensate the directors for their services rendered during the year 2010 and
is in line with the annual compensation program of the company. The annual
compensation program was initially prepared by an independent compensation firm
and adopted in 2008. 


Mr. Murray Rodgers has resigned from the Board of Directors as a result of his
increased activities as President and CEO of Zodiac Exploration, active in
California and Nova Scotia. Gastem thanks Mr. Rodgers for his expertise, time
and support, and wishes him all the best in his new venture. His replacement is
to be announced shortly.


Gastem is an independent oil and gas exploration and development company based
in Montreal. The company holds exploration and storage permits and rights in the
St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as
well as rights and interests in New York State and Virginia.


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