OTCPK:WSRLF - Post by User
Comment by
oilkidon Dec 22, 2008 1:03pm
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Post# 15661910
RE: RE: options at 56 cents
RE: RE: options at 56 centsNews Releases
DEC 17, 2008 - 09:35 ETWesternZagros Announces Stock Option Grant
CALGARY, ALBERTA--(Marketwire - Dec. 17, 2008) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") announces as part of its annual employee compensation program it has granted 3,697,000 stock options to directors, officers and employees of WesternZagros pursuant to the Company's approved stock option plan. These options are exercisable at a price of $0.56 per share representing the closing price of the Company's shares on the TSX Venture Exchange on December 16, 2008. With this grant, WesternZagros will have 12,182,000 stock options outstanding which represents 5.87% of the total shares outstanding.
This is nothing, just an employee share program... most company's have this in place.