Blocklisting - Interim Review

1 Apr 2009 07:00

Bankers Petroleum Block Admission Return

CALGARY, April 1 /CNW/ - The Company makes the following announcement with respect to the issuance of common shares, options and warrants for the period from September 1, 2008 to February 28, 2009.

COMMON SHARES ISSUED & OUTSTANDING ------------------------------------------------------------------------- Shares Shares Outstanding Outstanding September 1, Options Warrants Share February 28, 2008 Exercised Exercised Adjustment(x) 2009 ------------------------------------------------------------------------- 182,539,070 47,402 Nil -2 182,586,470 ------------------------------------------------------------------------- (x) Share adjustment for fractional shares upon completion of share consolidation. OPTIONS OUTSTANDING ------------------------------------------------------------------------- Stock Options Shares Outstanding Stock Stock Stock Exercise Outstanding September 1, Options Options Options Price $/ February 28, 2008 Exercised Granted Cancelled share 2009 ------------------------------------------------------------------------- 9,386,154 1,111 1.47 ------------------------------------------------------------------------- 314,855 2.35 ------------------------------------------------------------------------- 134,060 2.41 ------------------------------------------------------------------------- 3,000,000 1.05 ------------------------------------------------------------------------- 1,222,220 2.78 ------------------------------------------------------------------------- 46,291 0.57 ------------------------------------------------------------------------- TOTALS: ------------------------------------------------------------------------- 9,386,154 -47,402 +3,000,000 -1,671,135 10,667,617 -------------------------------------------------------------------------

Stock Options are issued in accordance with the Bankers Stock Option Plan.

WARRANTS OUTSTANDING ------------------------------------------------------------------------- Warrants Warrants Outstanding Outstanding September 1, February 28, 2008 Exercised Granted Cancelled 2009 ------------------------------------------------------------------------- 9,713,375 Nil Nil Nil 9,713,375 -------------------------------------------------------------------------

Warrants have been issued in accordance with the 2009, 2010 and 2012 warrant issuances.

On 1 October 2008 the Company applied to AIM for a blocklisting entitlement of 19,099,529 common shares (being 9,386,154 stock options and 9,713,375 warrants).

Following the exercise of 1,111 stock options the Company as at 28 February 2009 had 19,098,418 common shares remaining under the above blocklisting entitlement (being 9,385,042 stock options and 9,713,375 warrants).

The total current capitalization of the Company is 182,540,179 common shares, 10,708,351 options and 9,713,375 warrants.

This press release is being issued in compliance with the rules of the AIM market of the London Stock Exchange.

For further information: Douglas Urch, Chief Financial Officer, (403) 513-2691, (403) 228-9506; AIM NOMAD: Canaccord Adams Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500; AIM JOINT BROKERS: Canaccord Adams Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500; Tristone Capital Ltd., Nick Morgan, +44 20 7355 5800 (BNK.)