Canadian Shells

[Tackler]

ALF Alpetro puts options in Kiddle...

2005-08-24 13:10 ET - Options Proposed

Mr. Nazrul Islam reports

Alpetro Resources Ltd. has granted and reserved for issuance a director's stock option in favour of David Kiddle, who was elected as a new director of Alpetro at its annual general meeting held on May 27, 2005, in the amount of 50,000 common shares exercisable at 16 cents per share, expiring coincident with Alpetro's outstanding stock options on June 7, 2006.

The stock option is granted pursuant to Alpetro's stock option plan which provides for a rolling maximum of 10 per cent of the issued and outstanding common shares of Alpetro, which plan was reapproved by Alpetro's shareholders at the annual meeting.