CALGARY, ALBERTA - (Marketwire - Sept. 5, 2008) - Drake Pacific Enterprises Ltd. (TSX VENTURE:DPE) ("Drake") is pleased to announce, subject to approval from the TSX Venture Exchange, the grant of options to key management personnel, as follows:
Roger Penner, President & CEO: options for 50,000 common shares at a price of $0.33 for a period of five years, vested over 18 months.
Sandra Towpich, Vice President & Corporate Secretary: options for 50,000 common shares at a price of $0.33 for a period of five years, vested over 18 months.
Neil Orr, Vice President of Business Development: options for 200,000 common shares at a price of $0.33 for a period of five years, vested over 18 months.
This option grant is part of a compensation package approved by the board to reward key personnel for meeting corporate targets over the previous year.
Drake Pacific Enterprises Ltd. is active in oil and gas exploration and development throughout Alberta and Saskatchewan. Headquartered in Calgary, Alberta, Canada, the Company is publicly traded on the Toronto Stock Exchange Venture Board under the stock symbol DPE.V.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Email: norr@drakepacific.com
Tags: ,Energy and Utilities,Oil and Gas ,STOCK/OTHER MARKET NEWS
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