Press release from Marketwire
Relentless Resources Grants Stock Options
Friday, August 31, 2012
CALGARY, ALBERTA--(Marketwire - Aug. 31, 2012) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") announces that its Board of Directors have approved the granting of stock options to acquire an aggregate of 75,000 common shares of the Company to an executive officer of the Company. The immediately vesting stock options were granted in accordance with the Company's stock option plan and are exercisable for a period of five (5) years from the grant date at an exercise price of $0.16 per share.
The stock options (and the common shares issuable on exercise) are subject to a four month hold period expiring January 1, 2013, in accordance with applicable securities laws. The grant of stock options is subject to approval of the TSX Venture Exchange.
About Relentless Resources Ltd.
Relentless is a Calgary based emerging oil and natural gas company, engaged in the exploration, development, acquisition and production of natural gas and light gravity crude oil reserves in Alberta and Saskatchewan. Relentless's common shares trade on the TSX Venture Exchange under the symbol RRL.
Relentless's primary corporate objective is to achieve non-dilutive growth and enhance shareholder value through internal prospect development, strategic production acquisitions and prudent financial management.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dan Wilson Relentless Resources Ltd. President & CEO (403) 532-4466 ext. 227 or Mobile: (403) 874-9862 (403) 303-2503 (FAX) firstname.lastname@example.org www.relentless-resources.com
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.