Petro River Oil Corp. announces, as a part of its restructuring process, that Stephen R. Brunner has agreed to join the Petro Rivers' Executive Management Team. Mr. Brunner will serve as President of Petro River and has been tasked with making oil and gas related decisions in an effort to help turn-around the Company in the midst of unstable energy markets.

Under the terms of the contract, Mr. Brunner is granted the right to purchase up to 1.25% of the Company's outstanding common stock, subject to vesting schedules, aligning his interests strongly with shareholders. He also has the right to purchase an additional 1.75% of the Company's common stock subject to shareholder approval on the increase of the current stock option plan and achieving pre-defined target objectives.

Tags: Petro River Oil Corp.