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News:

April 6, 2010
Acquisition of Beech Creek Gross Working Interest

March 18, 2010
Appointment to Board of Directors

November 16, 2009
Gas Well Asset Acquired

July 29, 2009
Management Change

May 28, 2009
Corporate Updates

 

 

Stock Information:

OTC BB : BSPE.OB

 


News Release


February 21, 2008

Blacksands announces revised stock option plan and the granting of stock options

Toronto, Ontario, February 21, 2008 -- Blacksands Petroleum, Inc. (OTC Bulletin Board: BSPE) (the "Company") wishes to announce that the Board of Directors approved a revised stock option plan for the Company on February 15, 2008.εΚ The revised stock option plan is subject to regulatory and shareholder approvals.

As well, the Company wishes to announce that on February 15, 2008, it granted 2,200,000 stock options to officers, directors and consultants of the Company.εΚ These options are exerciseable at $1.90 per share for a term of five years, subject to all necessary approvals, and have the following vesting provisions:

  • 991,666 options vested immediately
  • 604,166 options vest when the stock price trades at or above $2.50 for ten consecutive trading days; and
  • 604,168 options vest when the stock price trades at or above $3.00 for ten consecutive trading days

About Blacksands:

Blacksands Petroleum, through its 75% ownership of Access Energy Inc. - a private Canadian company - is engaged in the business of exploring for, developing and operating unconventional oil and gas projects. Such projects may include oil produced from tar sands, also referred to as oil sands, or bituminous sands, which are a combination of clay, sand, water, and bitumen. "Paul A. Parisotto" President & CEO

For further information, please contact: Paul A. Parisotto President & CEO 416-359-7805