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Message: EnerGulf grants options to buy 1.07 million shares

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EnerGulf grants options to buy 1.07 million shares

posted on May 13, 10 11:50AM (Log in to use the IP Check tool) ^[?]

2010-05-07 20:18 ET - Options Proposed

Mr. Clive Brookes reports

GRANT OF STOCK OPTIONS

EnerGulf Resources Inc. has granted stock options to purchase up to 1,025,000 of its common shares to officers, directors and consultants for a period of five years at a price of 42 cents per share. The company has also granted stock options to purchase up to 50,000 of its common shares to Progressive IR Consultants Corp., the company's investor relations representative, for a period of two years at a price of 42 cents per share. The options are subject to vesting in accordance with the policies of the TSX Venture Exchange and the company's 2009 stock option plan.