Eaglewood Energy Inc EWDYF

News

[tannant70]

Eaglewood Energy Inc.
TSX VENTURE: EWD

Mar 19, 2011 17:50 ET
Eaglewood Energy Inc.: News Release
CALGARY, ALBERTA--(Marketwire - March 19, 2011) - Eaglewood Energy Inc. (the "Corporation") (TSX VENTURE:EWD) announces it has issued 100,000 options to an officer of the Company pursuant to its stock option plan. The options have an exercise price of
.50 per share and will expire on March 18, 2016. The stock option grant is subject to regulatory approval. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the grant of stock options to each of the individuals. The Corporation has further determined that an exemption from the various requirements of Multilateral Instrument 61-101 is available as the fair market value of the grant of options is less than 25% of the market capitalization of the Corporation.
NEITHER THE 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 RELEASE.

[tgcrosle]

This doesn't look good. Correct me if I'[m wrong but aren't options usually granted have an excercise price 10-15% above the current market price? ie to ensure the executive works hard for a return?? They probably have a new CFO. Thoughts?

[PINK-i]

New CFO or services are being paid for (etc. Haliburton, DSV, Seismic, Ops) with options. It may mean the payee would rather options because they feel the stock is undervalued