VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 07/19/11 — Enterprise Energy Resources Ltd. (TSX VENTURE: EER) announced that it has granted 1,910,000 stock options pursuant to its previously approved stock option plan to directors, officers and consultants of the Company. The options were granted with an exercise price the same as the recently completed financing price of $0.60 per share for a period of five years.
ENTERPRISE ENERGY RESOURCES LTD.
Geoffrey A. Carrington, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements”. Such forward-looking statements include, without limitation, the use of proceeds of the financing. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company–s expectations include operational risks, the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings. The Company–s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update forward-looking information should circumstances or management–s estimates or opinions change, except as required by law.
Shares Outstanding: 47,726,795
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Enterprise Energy Resources Ltd.
Investor Relations
1-604-639-4672
1-604-639-4670 (FAX)