Gastem: Options for Directors and Officers
Thu. October 29, 2009; Posted: 04:30 PM
MONTREAL, QUEBEC, Oct 29, 2009 (Marketwire via COMTEX) --
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PowerRating -- Gastem (TSX VENTURE:GMR) announces that, subject to regulatory approval, it has granted an aggregate of 1,045,000 incentive stock options to the directors and officers of the Company exercisable at a price of $0.58 per share expiring five years from the date of grant.
Gastem (64,543,831 shares outstanding) is an independent oil and gas exploration and development company based in Montreal. The company holds exploration and storage permits and rights to 3,135 km2 in the St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as well as rights and interests in New York State and in Appalachia.
SOURCE: Gastem Inc.
Gastem
David Vincent
514-875-9034
David.Vincent@Gastem.ca
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