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CLN Culane Energy Corp Com

0.05
0.00 (0.00%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Culane Energy Corp Com TSXV:CLN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.04 0.07 0 01:00:00

Culane Appoints New Director and C.O.O.

25/06/2010 2:30pm

Marketwired Canada


Culane Energy Corp. (TSX VENTURE:CLN) ("Culane") is pleased to announce that at
its annual and special meeting of shareholders held on June 21, 2010, Culane's
shareholders approved all matters proposed by management, including re-electing
Messrs. Jim Brown, Glenn Carley, Don Nelson, Don Staus and Harley Winger as
directors of Culane. 


Following the meeting, Culane's directors also agreed to appoint Darren C. Stark
as an additional director for the ensuing year, subject to approval by the TSX
Venture Exchange. Mr. Stark is a Canadian trained lawyer with 18 years of
international experience, the past 10 residing in Barbados. He had spent 7 years
with Royal Bank of Canada, Global Private Banking, and had been their Managing
Director in both Barbados and the Cayman Islands. Currently, and for the past 5
years, he has been the President and Chief Executive Officer of Oxbridge Bank &
Trust SCC ("Oxbridge"), also based in Barbados. Oxbridge is a significant
shareholder of Culane's common shares.


Mr. Stark received his Bachelor of Commerce and Bachelor of Laws degrees from
the University of Saskatchewan, Canada, and his Master of Laws from the
University of London, UK. Mr. Stark is a member of the Law Society of Alberta,
Canada, the Turks and Caicos Islands Bar Association, International Tax Planning
Association, Society of Trust and Estate Practitioners (former Chairman of the
Barbados Branch) and holds the Canadian Securities Course designation. 


In addition, Tom Field, Culane's Vice President, Engineering and Operations was
also appointed as Chief Operating Officer of Culane.


About Culane Energy Corp.

Culane Energy is a junior oil and gas company engaged in the exploration,
development and production of oil and natural gas in Alberta and Saskatchewan.


Reader Advisories

Forward-Looking Statements: This news release contains certain forward-looking
statements that involve substantial known and unknown risks, uncertainties and
assumptions, certain of which are beyond Culane's control. Such risks,
uncertainties and assumptions include, without limitation, those associated with
oil and gas exploration, development, exploitation, production, marketing,
processing and transportation, loss of markets, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates, environmental risks,
competition from other producers, inability to retain drilling rigs and other
services, delays resulting from or inability to obtain required regulatory
approvals and ability to access sufficient capital from internal and external
sources, the impact of general economic conditions in Canada, the United States
and overseas, industry conditions, changes in laws and regulations (including
the adoption of new environmental laws and regulations) and changes in how they
are interpreted and enforced, increased competition, the lack of availability of
qualified personnel or management, fluctuations in foreign exchange or interest
rates, stock market volatility and market valuations of companies with respect
to announced transactions and the final valuations thereof, and obtaining
required approvals of regulatory authorities. Culane's actual results,
performance or achievements could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no assurances can
be given that any of the events anticipated by the forward-looking statements
will transpire or occur, or if any of them do so, what benefits that Culane will
derive there from. Readers are cautioned that the foregoing list of factors is
not exhaustive. Additional information on these and other factors that could
affect Culane's operations and financial results are included in reports,
including Culane's annual information form for the financial year ended December
31, 2009, on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). All subsequent
forward-looking statements, whether written or oral, attributable to Culane or
persons acting on its behalf are expressly qualified in their entirety by these
cautionary statements. Furthermore, the forward-looking statements contained in
this news release are made as at the date of this news release and Culane does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.


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