Vancouver, British Columbia--(Newsfile Corp. - February 8, 2012) - Petroforte International Ltd. (“Petroforte”) (TSXV: PFI) announces that the Board of Directors approved a resolution to grant an aggregate of 3,051,000 share purchase options to Petroforte’s directors, employees, consultants and advisors pursuant to Petroforte’s Stock Option Plan.
The share purchase options have an exercise price of $0.10 and are for a term of 5 years. One-third of the share purchase options will vest immediately, and one-third of the share purchase options will vest upon the first and second anniversary of the grant.
For further information contact:
Harry Knutson
Chairman
(604) 724-3212
or
Jack Muir
(604) 891-8782
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Petroforte International Ltd.