Raise Production Inc. Announces Granting of Stock Options
CALGARY,
Feb. 4, 2013 /CNW/ - Raise Production
Inc. (TSX-V: RPC) ("Raise" or the "Company") announces that it has
granted 700,000 stock options to purchase common shares of the
Company at an exercise price of $0.42/share. The stock options have been granted
to an employee and officer of the Company under the Company's stock
option plan and will have a 5 year term. Each option granted and
any common shares issued under exercise of the options will be
subject to a four month hold period. The stock options will be
subject to certain vesting provisions.
About Raise Production Inc.
The Company is an innovative oilfield service
company that focuses its efforts on the production service sector,
utilizing its patented products to enhance and increase ultimate
production in both conventional and unconventional horizontal oil
and gas wells.
This news release contains certain
forward-looking statements. All statements, other than
statements of historical fact, are forward looking statements that
involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from these
anticipated in such statements.
Neither 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.
SOURCE Raise Production Inc.
