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PRY

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Share Name Share Symbol Market Type
TSXV:PRY 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 -

Pinecrest Energy Inc. Announces Surrender of Options

30/07/2013 10:12pm

PR Newswire (Canada)


(TSXV:PRY)
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/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES./

TSX Venture Exchange:  PRY

CALGARY, July 30, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") (TSX Venture: PRY) announced today that holders of an aggregate of 13,030,000 stock options of the Company ("Options") have voluntarily surrendered such Options for nominal consideration. Following the surrender of such Options, the Company has 235,000 Options outstanding pursuant to the option plan of the Company, which represents, in aggregate, approximately 0.11% of the issued and outstanding common shares of the Company ("Common Shares").

Corporate Information

Pinecrest's common shares trade on the TSX Venture Exchange under the symbol PRY.  Pinecrest currently has 217,712,365 million basic shares outstanding.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Pinecrest Energy Inc.

Copyright 2013 Canada NewsWire

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