Cordy Announces Grant of Stock Options
CALGARY, ALBERTA, Dec 18, 2012 (Menafn - Marketwire via COMTEX) --Cordy Oilfield Services Inc. ("Cordy" or the "Corporation") is pleased to announce that, subject to regulatory approval, it has granted a total of 200,000 options to purchase common shares of the Corporation ("Options") to Dave Boomer, the Chief Financial Officer, in accordance with Cordy's stock option plan. The Options expire 5 years from the date of grant and have an exercise price of 0.24. One-third of the Options will vest every 12 months for a period of 3 years.
Cordy has determined that the exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the Options to the directors and officers of Cordy (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).
Additional information on Cordy is available on our website www.cordy.ca or on SEDAR at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT: For general information:Cordy Oilfield Services Inc.David Mullen, Chairman and Chief Executive Officer(403) 266-2067(403) 266-2087 (FAX)firstname.lastname@example.org
For investor relations information: Cordy Oilfield Services Inc. Dave Boomer, CA, Chief Financial Officer (403) 266-2067 (403) 266-2087 (FAX) email@example.com www.cordy.ca
SOURCE: Cordy Oilfield Services Inc.
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