Landdrill International Inc. - Grant of Stock Options
MONCTON, NB, May 1, 2012 /CNW/ - Landdrill International Inc. (TSXV: LDI) reports that it has granted 1,325,000 incentive stock options to various directors, officers and employees exercisable at a price of $0.14 per share for up to 10 years. All options were granted pursuant to the Company's existing 10% rolling stock option plan and the policies of the TSX Venture Exchange, and will vest over a period of two years. Of those receiving options, a total of 1,000,000 options were issued to officers and directors.
About Landdrill
Landdrill is a growth oriented international drilling company with a focus on the metals and minerals industry. The Company continues to explore opportunities for growth in key markets, either through establishment of new branch offices or through acquisitions as opportunities arise. The Company now has 48 drills with full branch operations in Canada, Mexico and Mongolia.
For more information about Landdrill visit: www.landdrill.com.
Ronald J. Goguen
President and Chief Executive Officer
Landdrill International Inc.
(506) 388 - 8961
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