Crown Point Announces Granting of Incentive Stock Options

Crown Point Ventures Ltd. (TSX VENTURE:CWV) announced that it has granted incentive stock options to its directors, officers, employees and consultants, entitling them to purchase up to a total of 865,000 shares at a price of $1.22, exercisable for a period of 5 years.

The press release is quoted as saying:

Crown Point Ventures Ltd. is an oil and gas development company with production in Argentina. Two of Crown Point’s three wells drilled in the San Jorge Basin (Santa Cruz, Argentina) are currently in production, with a three well program planned in 2010 to expand production and follow up discovery data gained in the first drilling program.

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