Oromin Explorations Ltd OLEPF

NR - Oromin cancels incentive stock options

[nailati]

Oromin cancels incentive stock options

Oromin Explorations Ltd (2) (C:OLE)
Shares Issued 102,834,885
Last Close 3/8/2010
.68

Tuesday March 09 2010 - Options Proposed

Mr. Chet Idziszek reports"

Oromin Explorations Ltd. has agreed to cancel incentive stock options entitling the purchase of 7,906,000 common shares at prices ranging from $1.12 to $3.25 with expiry dates ranging from Feb. 15, 2011, to July 10, 2014.

2010 Canjex Publishing Ltd.

[topoftheridge]

i am joking, and (hopefully) sarcastic....Oromin grants stock optionsoromin has granted management and  various insiders the option to buy 10 million shares at 68cents, with no expiry date.JMHO.

[jmc1966]

Good call topoftheridge,  I wouldn,t be suprised to  see this out of this dog co., or maybe another cheap pp to further screw us SH. I am still looking for a good exit point but the problem is with any kid of move the sellers will be tripping over each other heading for the exits!!!