Changfeng Announces Stock Option Grant
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/13/12 -- Changfeng Energy Inc., (TSX VENTURE: CFY) ("Changfeng" or the "Company"), is pleased to announce that, pursuant to its Stock Option Plan, the Company has granted stock options (the "Option") to its newly elected director and certain members of management who serve in the subsidiaries in China to purchase up to an aggregate of 1,200,000 common shares of the Company. The options are exercisable at a price of $0.24 per share for a period of five years from the date of grant. The terms and conditions of the Options are subject to the approval of the TSX Venture Exchange.
The option grant to its management team in China is to recognize their long term service and contributions to the Company.
About Changfeng Energy Inc.
Changfeng Energy Inc., is a natural gas service provider with operations located throughout the People's Republic of China. The company services industrial, commercial and residential customers, providing them with natural gas for heating purposes and fuel for transportation. The Company has developed a significant natural gas pipeline network as well as urban gas delivery networks, stations, substations and gas pressure regulating stations in Sanya City & Haitang Bay. Through its network of pipelines, the company provides safe and reliable delivery of natural gas to both homes and businesses. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Venture Exchange under the trading symbol "CFY". For more information, please visit the company website at .
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Changfeng Energy Inc.
Mr. Kevin Ming Zhang
Chief Financial Officer
(416) 362-5032
(416) 362-2393 (FAX)
Changfeng Energy Inc.
Ms. Ann Lin
Corporate Secretary
(416) 362-5032
(416) 362-2393 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 13.07.2012 - 12:47 Uhr
Sprache: Deutsch
News-ID 165088
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Oil & Gas
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