OTCPK:AUSTF - Post by User
Post by
dowdon Jul 11, 2007 11:55pm
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Post# 13075109
NEWS -free shares
NEWS -free shares814,200 free shares as a bonus for creating shareholder value over the past year.
CALGARY, July 11 /CNW/ - AltaCanada Energy Corp. (the "Corporation") today announces that is has issued stock options to 5 Directors (75,000 shares each) totaling 375,000 shares. Under the terms of the existing stock option plan these shares are priced at the July 9th closing price of $0.45 and vest as to 1/3 each year with a 5 year term. Directors presently receive no other remuneration from the company.
Additionally an award of 814,200 shares to 11 employees and officers has been approved by the Board of Directors and are being issued in lieu of the payment of cash bonuses