Primeline Announces Grant Of Stock Options
Hong Kong August 4th, 1997 —- Primeline Energy Holdings Inc. (“Primeline”) has today granted director and employee incentive options to purchase up to 1,125,000 shares. The options are exerciseable on or before August 4, 2000 at the price of $0.65 per share being the average closing price at which Primeline’s shares traded on the Vancouver Stock Exchange during the ten trading days immediately preceding this Release. The closing price at which Primeline’s shares last traded on the Vancouver Stock Exchange was $0.51.
The options are subject to acceptance by the Vancouver Stock Exchange. The shareholders of Primeline approved at the last annual general meeting the granting of options to directors and other insiders of Primeline.
Primeline is the only exchange listed oil and gas exploration company focused on upstream opportunities in China.
Brian Chan, Vice-President & Director
Primeline Energy Holdings Inc.
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.