Petrolia held its annual meeting of shareholders on February 21, 2008. During this meeting, the terms of all of the members of last year's board of directors were renewed, and two new directors, Vincent Causse and Saeed Yousef, were elected.
In accordance with its compensation policy and stock option plan, the Petrolia board of directors granted each of its two new directors 75,000 stock options as of March 3, 2008, at an exercise price of $0.60 per share until March 3, 2013.
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