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TSX-V TRADING SYMBOL: CECVANCOUVER,
Feb. 13, 2012 /PRNewswire/ -
Compliance Energy Corporation ("the "Company) announces that the Board of Directors, as part of its annual review of options, approved today a grant of a total of 622,500 share purchase options exercisable at
$0.28 per share for a period of five years to certain directors, officers, employees and consultants of the Company in accordance with the provisions of the Company's stock option plan.
About Compliance Energy Corporation
Compliance Energy Corporation is a mining exploration and development company. Our primary holding is our interest in over 75,000 acres of coal rights on Vancouver Island,
British Columbia, where we are focused on developing the Raven Underground Coal with our joint venture partners, I-Comox Coal Inc. (a subsidiary of Itochu Corporation of
Japan) and by LG International Investments (
Canada) Limited (a subsidiary of LG International Corp. of Korea).
The Company also holds a number of mineral exploration properties totaling over 24,000 hectares on Vancouver Island, BC which are 100% owned by the Company, some subject to certain royalty requirements. Our shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on our web site at
On behalf of the Board of
COMPLIANCE ENERGY CORPORATIONJohn Tapics Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, future mineral exploration activities, future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.