CALGARY, ALBERTA--(Marketwired - Jul 29, 2013) - CWC Well Services Corp. ("CWC" or the "Company") (TSX VENTURE:CWC) announces that options to purchase 600,000 common shares of the Company were granted by the Board of Directors on July 26, 2013 to an officer of the Company at an exercise price of $0.75 per common share. These options expire five years from the date of grant with one third vesting on the first, second and third anniversary from the date of grant. In addition, the Board of Directors have also approved the granting of 175,000 restricted share units to an officer of the Company. These restricted share units expire three years from the date of grant with one third of the share units vesting and being awarded on the first, second and third anniversary from the date of grant.
About CWC Well Services Corp.
CWC Well Services Corp. is a premier well servicing company operating in the Western Canadian Sedimentary Basin with a complementary suite of oilfield services including service rigs, coil tubing, snubbing and well testing. The Company's corporate office is located in Calgary, Alberta, with operational locations in Red Deer, Provost, Lloydminster, Brooks, Slave Lake and Grande Prairie, Alberta and Weyburn, Saskatchewan.
No regulatory authority has approved or disapproved the information contained in this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.