June 25, 2009 (FinancialWire) — The Kodiak Energy, Inc. (TSX Venture: KDK) (OTCBB: KDKN) of directors has approved the granting of stock options to directors, officers and other personnel to acquire an aggregate of 4.33 million common shares at an exercise price of $0.28 per share, the market closing price on June 23, 2009.

Of the total options granted, 3.6 million were granted to directors and officers and 730,000 to employees and consultants.

The option plan is shareholder approved and intended to provide employee incentive and retention. During the past year, Kodiak has not provided any bonuses or increases in salaries or benefits to directors, officers, employees and consultants and wishes to retain its valued personnel.

Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly traded oil and gas exploration and development company focused on developing and exploring onshore oil, gas and CO2 properties within North America.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

panies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.