TORONTO, ONTARIO--(Marketwire - July 9, 2012) - Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") today announced that it will, with Exchange approval, grant 400,000 common share purchase options with an exercise price of $0.40 and a term of 5 years to three directors and an officer of the corporation. Of those options, one-third will vest immediately, with the remaining vesting one-third in one year, and one-third in two years.
Additional information is also obtainable on the Corporation's newly designed web site www.acadianenergy.com
Acadian is a junior exploration and production company which is focused on the exploration and development of New Albany shale oil and natural gas in the Illinois Basin. The Corporation continues exploration development of the oil potential of the New Albany Shale. Acadian trades on the TSX Venture Exchange under the symbol ACX.
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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.