CANADA ENERGY PARTNERS INC. GRANTS INCENTIVE STOCK OPTIONS AND APPOINTS PRESIDENT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) announces that it has granted an aggregate of 2,000,000 incentive stock options to various directors, officers and consultants of the Company at an exercise price of $1.61 per share. These options are exercisable for a five-year period.
The Company also announces the resignation of Mr. Winston Purifoy as President. Mr. Purifoy is a co-founder of Canada Energy and his experience and contribution was invaluable in the early stages of the Company's formation and development. The Company is pleased that he will remain as an active director and consultant. Mr. Ben Jones, the CEO of the Company, will assume the role of the President.
On behalf of the Board of Directors of Canada Energy Partners Inc.
John Proust, Director
Forward Looking Statements: This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Act of 1995.
The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.
Canada Energy Partners Inc.
(604) 909-1154 or Direct: (604) 895-7445
Fax: (604) 488-0319