CALGARY, ALBERTA--(Marketwire - Sept. 3, 2010) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) (TSX VENTURE:PPY.B) announces that pursuant to the terms and conditions of its Stock Option Plan, it has granted, in the aggregate, 1,177,920 incentive stock options to purchase Class "A" Shares of Painted Pony (the "Options"), to certain of its Directors, Officers, Employees and Consultants. The Options are exercisable over a five year period at $6.51 per share, with 33.3% vesting immediately, 33.3% in one year, and the final 33.3% vesting in two years.
Painted Pony is a junior Canadian oil and gas exploration company that trades on the TSX Venture Exchange under the symbols "PPY.A" and "PPY.B".
Neither 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 news release.