Excelsior Energy Limited (TSX VENTURE:ELE) reported that pursuant to the terms and conditions of its stock option plan, it has granted, in the aggregate, 3,280,000 incentive stock options to purchase common shares of Excelsior to directors, officers and employees.
The press release is quoted as saying:
Excelsior is an early stage, oil sands company with 58 operated sections on two contiguous blocks in the Hangingstone and West Surmont areas of the Athabasca Oil Sands Region near Fort McMurray, Alberta.
