2013-09-06 23:40:51 -
Not for distribution to United States newswire services or for dissemination in the United States
London, Ontario CANADA, September 06, 2013 /FSC/ - Tribute Resources Inc. (TRB - TSX Venture), a developer of natural gas storage and renewable energy projects, announces that pursuant to the stock option plan of Tribute and subject to the approval of the TSX Venture Exchange, the Company granted options to acquire an aggregate of 3,200,000 common shares of Tribute on August 21st, 2013. Of these options, 2,400,000 were issued to directors for their 2013/1014 yearly compensation. The additional 800,000 options were granted to Tribute's consultants and officers who have contributed to the development of the various projects. The stock options were issued at the price of
$0.12/share and will expire on August 21st, 2018.
About Tribute Resources Inc.:
Tribute is a Canadian publicly traded energy company incorporated under the Business Corporations Act of the Province of Alberta on May 15, 1997. Tribute's primary focus is on adding value to shareholders by developing and maintaining a long-term interest in market-based priced underground natural gas storage assets and renewable energy projects in the Canada. Tribute's objective is to build a company capable of delivering and sustaining long-term per share growth by developing energy projects that will generate stable long-term cash flow when fully operational. Tribute's business plan is to build upon its current asset base to identify, permit, develop, and construct projects that meet its threshold return criteria. Tribute creates value by identifying project opportunities, providing the expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality cash flow from a strong and diversified energy related asset base.
Certain statements in this press release may include "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Tribute to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may", "will", "expect", "anticipate", "project", "believe", "plan", and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by Tribute with applicable securities regulatory authorities. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Tribute to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchanges) accepts responsibility for the adequacy or accuracy of this news release.
For further information on this press release please contact Jennifer Lewis, CFO of Tribute at (519) 657-7624 or visit our website at www.tributeresources.com.
To view the press release as a PDF file, please click on the following link:
Source: Tribute Resources Inc. (TSX-V: TRB) www.tributeresources.com
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