1 Jun 2009 16:02
Bankers Petroleum Ltd. (the "Company") - Director Shareholding
AIM: BNK
CALGARY, June 1 /CNW/ - The Company announces that on 29th day of May, 2009 it was notified that a member of Bankers' Board of Directors sold the following shares on May 29th, 2009:
Total Number of Name Shares Sold Total Sale Price Common Shares Held After Transaction(x) ------------------------------------------------------------------------- John Harris 35,000 $72,800 Cdn. 65,000 Director
The Company announces that on 28th of May, 2009 it granted the following stock options, all of which are exercisable into common shares of the Company at a price of $1.83 Cdn. per share, to Directors and Executives of the Company, in accordance with the Company's Employee Stock Option Plan:
Name No. of Options Granted -------------------------------------------------------------------- Abdel F. (Abby) Badwi 750,000 President and Chief Executive Officer Douglas C. Urch 435,000 VP, Finance and Chief Financial Officer Ian McMurtrie 435,000 VP, Exploration and Development Suneel Gupta 300,000 VP, Production and Operations Eugene Christensen 50,000 VP, Engineering Rick Pawluk 20,000 Corporate Secretary Robert Cross 100,000 Chairman and Director Eric Brown 100,000 Director Jonathan Harris 100,000 Director John Zaozirny 100,000 Director Phil Knoll 100,000 Director Wesley Clark 100,000 Director
The options will expire on May 28, 2014 and are subject to the following vesting provisions: one-third shall vest and become exercisable immediately; one-third shall vest and become exercisable on each of the first and second anniversaries of the date of grant.
As at May 28, 2009 the Company had 207,798,605 issued and outstanding common shares, 13,587,392 options to purchase common shares and 25,713,376 common share purchase warrants.
For further information: Doug Urch, VP, Finance and Chief Financial Officer, Ph: (403) 513-2691, Email: investorrelations@bankerspetroleum.com, Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Adams Limited, Ryan Gaffney/Henry Fitzgerald-O'Conner, +44 20 7050 6500 (BNK)
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