PETROMANAS ENERGY INC. ANNOUNCES APPOINTMENT OF CHIEF EXECUTIVE OFFICER TO
THE BOARD OF DIRECTORS
CALGARY, Sept. 17 /CNW/ - Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) announces that it has appointed Mr. Glenn A. McNamara the Chief Executive Officer of Petromanas to the Board of Directors effective September 14, 2010.
In addition, Petromanas has granted senior officers options to purchase an aggregate of 1,000,000 shares at an exercise price of $0.40 per share for a period of ten years expiring on September 14, 2020 with vesting terms over a 3 year period.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Gordon Keep
Corporate Secretary
Tel: (604) 609-6110
Website: www.petromanas.com
Vanguard Shareholder Solutions
Tel: (604) 608-0824
Toll Free: 1-866-918-0824
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