|Groundstar Resources Limited Announces Re-pricing Of Granted Incentive Stock Options
GROUNDSTAR RESOURCES LIMITED
Kam Fard, President and Chief Executive Officer of Groundstar Resources Limited ("Groundstar") is pleased to announce that, subject to TSX Venture Exchange approval, Groundstar has amended the exercise price of the 1,980,000 incentive stock options to certain officers, directors, employees and consultants of Groundstar pursuant to its Stock Option Plan, which was announced in the News Release of August 26. These options will be exercisable at a price of $0.10 per share, fully vested by August 26, 2012 and will expire on August 26, 2016.
Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.
FOR FURTHER INFORMATION CONTACT:
Jason Krueger, CFA
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