CALGARY, ALBERTA–(Marketwired – Oct. 27, 2014) – Relentless Resources Ltd. (“Relentless” or the “Company“) (TSX VENTURE:RRL) is pleased to announce that, pursuant to the terms and conditions of its stock option plan, it has granted, in the aggregate, 1,950,000 stock options to purchase common shares of Relentless (“Common Shares“) to the current directors and officers of the Company. The grant of options is for a five year term. The options vest immediately and are exercisable at a price of $0.28 per Common Share.
About Relentless Resources Ltd.
Relentless is a Calgary based emerging oil and natural gas company, engaged in the exploration, development, acquisition and production of natural gas and light gravity crude oil reserves in Alberta. Relentless’s common shares trade on the TSX Venture Exchange under the symbol “RRL”.
Relentless’s primary corporate objective is to achieve non-dilutive growth and enhance shareholder value through internal prospect development, strategic production acquisitions and prudent financial management.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Relentless Resources Ltd.
Dan Wilson
CEO
(403) 532-4466 ext. 227 or Mobile: (403) 874-9862
Relentless Resources Ltd.
Ron Peshke
President
(403) 532-4466 ext. 223 or Mobile: (403) 852-3403
(587) 955-9668 (FAX)
info@relentless-resources.com
www.relentless-resources.com