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December 14, 2006
NEW STOCK OPTIONS ISSUED TO NORDIC OFFICERS, DIRECTORS AND CONSULTANTS
WINNIPEG, MB. (December 14, 2006) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) (“The Company”), today announced that the Board of Directors has approved the granting of 190,000 stock options to various officers, directors and consultants of the Company. The options, which are effective immediately, are priced at $0.25 per share and will run for a period of five years from today’s date.
Following is a breakdown of the newly issued Nordic Oil and Gas stock options:
Donald P. Benson, Chairman and CEO Keith Peterson, Secretary-Treasurer Michael Mann, Director Barry Palka, Director Brahm Silverstone |
40,000 25,000 25,000 25,000 25,000 |
|---|
In addition to the above, a further 50,000 stock options have been granted to three Nordic Oil and Gas consultants, bringing the total to 190,000.
The Company currently has 15,418,480 issued and outstanding Class A Common shares listed on the Toronto Venture Exchange.
Nordic Oil and Gas is a junior oil and gas exploration company, which is listed on the TSX Venture Exchange and trades under the symbol NOG.
For additional information, contact:
Donald Benson
Chairman & CEO
Nordic Oil & Gas Ltd.
Tel: 204-956-5042
Fax: 204-897-7154
E-mail: dbenson57@shaw.ca