Bolivar Energy Corp. Issues Stock Options

17.02.2011  |  CNW

CALGARY, Feb. 17 /CNW/ - Bolivar Energy Corp. ("Bolivar" or "the Company") (TSXV: BVR) announced today that the Board of Directors approved the grant of 21,000,000 stock options to directors, officers, employees and consultants of the Company at an exercise price of $0.18 per share. The options have a five-year term and vest in thirds, with one-third vesting immediately, and one-third vesting on each of the first and second anniversaries of the grant date.


About Bolivar Energy Corp.

Bolivar Energy Corp. is an early stage exploration company active in the Llanos Basin in Colombia, and trading on the TSX Venture Exchange under the symbol "BVR".



For further information:

Bolivar Energy Corp.
John Moreland, President and Chief Executive Officer
Telephone: (403) 802 0770
john.moreland@bolivarenergycorp.com

Bolivar Energy Corp.
Peter Argiris, Chief Financial Officer
Telephone: (403) 802 0770
peter.argiris@bolivarenergycorp.com