/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN UNITED STATES OR TO ANY
UNITED STATES NEWS SERVICES./
CALGARY, Jan. 3, 2012 /CNW/ - IROC Energy Services Corp. ("IROC" or the
"Company") (TSXV: "ISC") announced that, in accordance with the
Company's long term compensation policy, it has granted stock options
to purchase a total of 125,000 common shares and 120,769 restricted
share units to certain directors and officers of the Company. The stock
options are exercisable, once vested, at $2.60 per share for a period
of five years, with one third of the options vesting on each of the
first, second and third anniversaries of the date of grant. The
restricted share units may be redeemed, once vested, into common shares
until the end of the third calendar year subsequent to the year in
which the units were issued. The restricted share units also vest in
thirds on the first, second and third anniversaries of the date the
units were issued. The stock options were granted in accordance with
the Company's Stock Option Plan and the restricted share units were
granted in accordance with the Company' Restricted Share Unit Bonus
Plan.
Publicly reported information for IROC Energy Services Corp. is
available at www.sedar.com.
About IROC Energy Services Corp.
IROC Energy Services Corp. is an Alberta oilfield services company that,
through the IROC Energy Services Partnership, provides a diverse range
of services and equipment to the oil and gas industry that is among the
newest and most innovative in the WCSB. IROC Energy Services
Partnership operates under the business names of Eagle Well Servicing,
Aero Rental Services and Helix Coil Services. IROC combines
cutting-edge technology with depth of experience to deliver equipment
and services offerings in the following core areas: well servicing &
equipment, rental services and coil tubing services. For more
information on IROC Energy Services Corp., visit our website at www.iroccorp.com.
This press release is not for dissemination in United States or to any
United States news services. The Common Shares of IROC have not and
will not be registered on the United States Securities Act of 1933, as
amended (the "United States Securities Act") or any state securities
laws and are not offered or sold in the United States or to any US
person except in certain transactions exempt from the registration
requirements of the United States Securities Act and applicable state
securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
