Bankers Petroleum Block Admission Report to February 28

9th Mar 2011 07:00

Bankers Petroleum Block Admission Report to February 28 2011

CALGARY, March 9 /CNW/ - Block Admission Return

The Company makes the following announcement with respect to the issuance of common shares, options and warrants for the period from September 1, 2010 to February 28, 2011.

COMMON SHARES ISSUED & OUTSTANDING

Warrants Exercised Shares (pursuant to the 2009, Outstanding 2010 Shares Outstanding September 1, Options and 2012 warrant February 2010 Exercised issuances) 28, 2011 243,744,547 2,770,554 233,333 246,748,434 OPTIONS OUTSTANDINGStock Options Exercise Stock Options Outstanding Stock Stock Stock Price $/ Outstanding September 1, Options Options Options share February 28, 2010 Exercised Granted Cancelled (Cdn.) 2011 14,806,614 295,999 3.03 144,446 1.68 147,777 1.35 166,668 5.10 68,332 6.26 1,477,999 1.05 84,333 1.83 200,000 1.56 60,000 2.37 75,000 7.15 8,333 3.60 450,000 6.96 10,000 6.26 8,334 5.10 50,000 4.74 41,667 2.19 25,000 4.35 1,922,500 8.58 2,450,000 8.36 TOTALS: 14,806,614 -2,770,554 +4,897,500 -18,334 16,915,226

Stock Options are issued in accordance with the Bankers Stock Option Plan.

WARRANTS OUTSTANDING

Warrants Outstanding Warrants September 1, Warrants Warrants Warrants Exercise Price Outstanding 2010 Exercised Issued Cancelled $/ share (Cdn.) February 28, 2011 5,096,399 233,333 2.63 TOTALS: 5,096,399 - 233,333 Nil Nil 4,863,066

The above warrants are issued in accordance with the 2009, 2010 and 2011 warrant issuances.

On October 1, 2008 the Company applied to AIM for a blocklisting entitlement of 19,099,529 of common shares. As at February 28, 2011, 8,937,191 common shares are remaining under this blocklisting entitlement.

As at February 28, 2011, the total capitalization of the Company is 246,748,434 common shares, 16,915,226 options and 4,863,066 warrants.

This press release is being issued in compliance with the rules of the AIM market of the London Stock Exchange.

For further information:

Douglas UrchExecutive VP, Finance & Chief Financial Officer(403) 513-2691 (403) 228-9506AIM NOMAD:Canaccord Genuity LimitedRyan Gaffney/ Henry Fitzgerald-O'Connor+44 20 7050 6500AIM JOINT BROKERS: Canaccord Genuity Limited Tristone Capital Ltd.Ryan Gaffney/ Henry Fitzgerald-O'Connor Nick Morgan +44 20 7050 6500 +44 20 7355 5800 (BNK.)

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