CALGARY, ALBERTA--(Marketwire - Jan. 31, 2013) - The Board of Directors of Crown Point Energy Inc. (News - Market indicators), as part of its compensation process, has granted options to directors, officers and existing employees of the corporation and its subsidiaries. Of the 2.775 million options granted, a total of 1.95 million options were granted to directors and officers of the corporation or its subsidiaries. Each option has a strike price of 37 cents per share and is exercisable for a period of five years from the date of grant.
About Crown Point
Crown Point Energy Inc. is an international oil and gas exploration and development Company headquartered in Calgary Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point's exploration and development activities are focused in the Golfo San Jorge, Neuquén and Austral basins in Argentina. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.