Typhoon Exploration Inc.: Typhoon Increases its Stock Option Plan, Announces the Annual Meeting and Resumes its Works of Sowing
LAVAL, QUEBEC--(Marketwire - July 2, 2009) - Typhoon Exploration Inc. (TSX VENTURE:TYP) announces an increase of 183,908 from the number of common shares reserved for issuance pursuant to its stock option plan (the "Plan"). The number of common shares reserved for issuance under the Plan is now set at 1,004,889. The increase is subject to the approval of the TSX Venture Exchange (the "Exchange").
Annual and special meeting
Typhoon's shareholders will receive in the week of July 13, 2009 all documents relative to the annual and special meeting planned by August 11, 2009.
Ground Revitalization
The environmental responsibility being a priority for Typhoon, the company thus planned and ended the works of sowing on the drill holes area made in 2008 and 2009. The sustainable development for the well-being of the generations present and future is an integral part of the mandate of the company.
The common shares of Typhoon Exploration are listed on the Venture Stock Exchange under the symbol "TYP".
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements". The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.