CALGARY, ALBERTA, Jan. 4, 2011 (Marketwire) --
Rodinia Oil Corp. (TSX VENTURE:ROZ) ("Rodinia") announces that it has granted an aggregate of 1,850,000 stock options ("Options") to directors, officers, employees and consultants, subject to regulatory and TSX Venture Exchange approval. The Options granted are all exercisable at a price of $3.15 per share, vest as to one third (1/3) on the date of grant, one third (1/3) on each of the first and second anniversaries of the date of grant and expire five years after the date of grant. Pursuant to applicable securities legislation, the options are subject to a four month hold period. Following this grant, Rodinia has 10,081,667 outstanding Options representing 9.5% of its issued and outstanding Class A common share capital.
About Rodinia Oil Corp.
Rodinia, an international oil and gas corporation listed on the TSX Venture Exchange under the symbol "ROZ", is engaged in the exploration, acquisition and development of world-class onshore petroleum and natural gas assets in Australia's Officer Basin. Founded in 2006, Rodinia is one of the first companies of its kind to undertake onshore exploration in the Officer Basin and has access to large tracts of potential oil resources in the region. Rodinia has offices in Calgary, Alberta, Canada and Adelaide, South Australia.
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Rodinia, including, without limitation, statements pertaining to regulatory approval for the issuance of stock options, including the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rodinia's disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, Rodinia does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Rodinia Oil Corp.
Vice President Finance and Chief Financial Officer
Brookline Public Relations