CALGARY , Feb. 4, 2013 /CNW/ - Raise Production Inc. (RPC.V) ("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.