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posted on
Feb 25, 2012 12:30PM
Edit this title from the Fast Facts Section
TSX-V TRADING SYMBOL: CEC
VANCOUVER, Feb. 13, 2012 /CNW/ - 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 www.complianceenergy.com.
On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
John Tapics
Chief Executive Officer