Primeline Announces Grant Of Stock Options
Primeline Energy Holdings Inc. (CDNX: PEH), (“Primeline” or the “Company”) has granted incentive stock options to purchase up to 1,225,000 shares. These options are to replace the existing stock options, which expire on August 4, 2000. The options are exercisable on or before July 14, 2005 at the price of $0.35 per share, being the last closing price at which Primeline’s shares traded on the Canadian Venture Exchange (“CDNX”). These options are subject to acceptance by the CDNX.
Also, Primeline announces that Mr. E.R. Hong has resigned as a director and Vice President of International Liaison while Dr. G. Ming Wang, Vice President of Exploration, has been appointed as a director of Primeline.
Primeline is focusing exclusively on oil and gas exploration and upstream business opportunities in China. The Company’s shares are listed on the CDNX under the symbol “PEH”.
Primeline Energy Holdings Inc.
For More Information Please Contact:
Primeline Investor Relations
Tel. + 44 20 7499 8888
Fax. + 44 20 7499 2288
Toll Free: 1 877 818 0688
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.