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TEX.A Texalta Petroleum Ltd.

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Texalta Petroleum Ltd. TSXV:TEX.A TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Texalta Enters Into Consulting Services Agreement

15/04/2009 12:30pm

Marketwired Canada


Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) reports that it has,
subject to approval by the TSX Venture Exchange (TSX-V), retained Mr. Dwane
Brosseau as a consultant to provide strategic marketing and corporate
communications on behalf of the Corporation. Mr. Brosseau will assist the
Company in gaining exposure to investors through the dissemination of corporate
information to a network of brokerage firms, financial institutions and private
investors. This initiative reinforces the Company's commitment to improve
communications and information flow to its shareholders and the investment
community with respect to the focused exploration and development of its
Saskatchewan, Canada and Georgina Basin Australia project areas.


Mr. Brosseau has over 13 years of financing experience in venture capital,
institutional investing and wealth management. During that time he has worked
closely with private high-net worth individuals and institutional investors in
North America.


Mr. Brosseau has provided a variety of expertise and services to companies such
as Orient Venture Capital I and II Inc., Asia Select Investment Fund, Currie
Rose Resources Inc., Rolling Rock Resources Corp., Everton Resources Inc.,
Merrill Lynch and RBC Dominion Securities Inc. Mr. Brosseau has a Bachelor of
Commerce degree from St. Mary's University in Halifax.


Under the terms of the 12 month agreement dated April 15, 2009, Texalta will pay
Mr. Brosseau C$3,500 per month the first three months and C$5,000 per month
thereafter and grant 200,000 stock options at an exercise price of C$0.28. The
options will vest 50,000 per quarter and will expire 30 days subsequent to
termination of the Agreement.


TEX.A is a Calgary based company engaged in the exploration, acquisition and
development of prospective oil & gas properties in Saskatchewan and Alberta,
Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds
82 percent working interest in two exploration permits covering in excess of 5.5
million acres of prospective land in the Georgina Basin, Northern Territory,
Australia.


1 Year Texalta Petroleum Ltd. Chart

1 Year Texalta Petroleum Ltd. Chart

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1 Month Texalta Petroleum Ltd. Chart

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