Press release from TheNewswire.ca
Sunridge Energy Corp.: Incentive Stock Options Granted
Wednesday, April 11, 2012
Vancouver B.C. April 11, 2012: Sunridge Energy Corp. ("SRG" or the "Company") (SRG: TSX-V) advises that 150,000 incentive stock options have been granted to a director of the company. The options are exercisable at $0.25 per share for a period of five years, subject to regulatory approval. The options are subject to a four month hold period.
Sunridge is a junior oil and gas exploration and development company with production operations in the Province of Alberta. The recent acquisition of the 6-Phase Oil Heating proprietary technology gives Sunridge an unprecedented opportunity to extract extensive potential reserves of heavy oil (bitumen) at shallow depths in the Alberta Oil Sands. The Sunridge assets are structured to decrease operation costs, enhancing shareholder value.
On behalf of the board,
Chief Executive Officer
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Sunridge cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Sunridge's control. Such factors include, among other things: risks and uncertainties relating to Sun ridge's ability to complete the drilling of the Test Well; earn a working interest in the Property and that there will be production from any wells drilled. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Sunridge undertakes no obligation to publicly update or revise forward-looking information.
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 RELEASE.
For further information please contact: Sunridge Energy Corp.
Suite 271A 708-11th Ave Calgary, Alberta T2R 0E4 Phone: 403-718-9591 Fax: 403-227-5983 E-mail: firstname.lastname@example.org
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