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SPI Canadian Spirit Resources Inc

0.06
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Spirit Resources Inc TSXV:SPI 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% 0.06 0.065 0.075 0 01:00:00

Canadian Spirit Resources Inc. Announces Grant of Stock Options

04/12/2013 7:54pm

Marketwired Canada


Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX
VENTURE:SPI)(OTCBB:CSPUF) announces, subject to TSX Venture Exchange (the
"Exchange") acceptance, that the Corporation's Board of Directors has approved a
grant of 2,450,000 options to acquire shares of the Corporation in accordance
with the terms and conditions of the Corporation's Stock Option Plan.


Independent directors of the Corporation were granted a total of 300,000 options
as compensation for their services. Officers and employees were granted a total
of 2,150,000 options as incentive compensation. All the options have a term of
five years and may be exercised at a price of $0.30 per share. Subject to
acceptance by the Exchange, this grant of options will result in a total of
6,342,000 options outstanding at a weighted average exercise price of $0.58 per
share, and will represent 7.0 percent of the total common shares currently
outstanding.


CSRI is a natural resources Corporation focusing on the identification and
development of opportunities in the unconventional natural gas sector of the
energy industry.


Information regarding CSRI is available on SEDAR at www.sedar.com or the
Corporation's website at www.csri.ca.


On behalf of the Board of Directors

CANADIAN SPIRIT RESOURCES INC.

Alfred Sorensen, Chief Executive Officer & Secretary

The corporate information contained in this news release may contain
forward-looking forecast information. The reader is cautioned that assumptions
used in the preparation of such information, although considered reasonably
accurate by CSRI at the time of preparation, may prove to be incorrect. The
actual results achieved during the forecast period will vary from the
information provided herein and the variations may be material. Consequently
there is no representation by CSRI that actual results achieved during the
forecast period will be the same in whole or in part as those forecast.


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 NEWS RELEASE


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Spirit Resources Inc.
Alfred Sorensen
(403) 539-5005
alfred.sorensen@csri.ca


Canadian Spirit Resources Inc.
Phil Geiger
(403) 539-5005
phil.geiger@csri.ca
www.csri.ca

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