Cordy Announces Grant of Stock Options
CALGARY, ALBERTA, Dec 18, 2012 (Menafn - MARKETWIRE via COMTEX) --Cordy Oilfield Services Inc. ("Cordy" or the "Corporation") (tsxventure:CKK) is pleased to announce that, subject to regulatoryapproval, it has granted a total of 200,000 options to purchasecommon shares of the Corporation ("Options") to Dave Boomer, theChief Financial Officer, in accordance with Cordy's stock optionplan. The Options expire 5 years from the date of grant and have anexercise price of 0.24. One-third of the Options will vest every 12months for a period of 3 years.
Cordy has determined that the exemptions from the variousrequirements of the TSX Venture Exchange Policy 5.9 and MultilateralInstrument 61-101 are available for the issuance of the Options tothe directors and officers of Cordy (Formal Valuation - Issuer NotListed on Specified Markets; Minority Approval - Fair Market ValueNot More Than 25% of Market Capitalization).
Additional information on Cordy is available on our websitewww.cordy.ca or on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Contacts:
For general information:
Cordy Oilfield Services Inc.
David Mullen, Chairman and Chief Executive Officer
(403) 266-2067
(403) 266-2087 (FAX)
david.mullen@cordy.ca
For investor relations information:
Cordy Oilfield Services Inc.
Dave Boomer, CA, Chief Financial Officer
(403) 266-2067
(403) 266-2087 (FAX)
dave.boomer@cordy.ca
www.cordy.ca
SOURCE: Cordy Oilfield Services Inc.
mailto:david.mullen@cordy.ca
mailto:dave.boomer@cordy.ca
http://www.cordy.ca
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