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VST

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:VST 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 -

Vast Exploration Inc. Appoints New Chief Executive Officer

03/12/2012 11:00am

Marketwired Canada


Vast Exploration Inc. (TSX VENTURE:VST) reports that Mr. Ahmed Said has been
appointed chief executive officer of the company. Mr. Said will succeed Mr. Sig
Slotboom who has resigned to focus on other commitments and opportunities. 


Mr. Said is a Professional Engineer and has structured and financed over $220
million in equity and debt transactions over the past three years. His recent
focus has included merger and acquisition transactions and overseeing capital
markets operations. Additionally, he has been involved in various host
government negotiations and asset acquisitions in Brazil, Colombia, Iraq, Yemen,
Syria, Chad, Jamaica, Guyana, Turkey and Nigeria. Mr. Said sits on the boards of
several public and private companies. 


Vast also announces the departure of Mr. Joao Saraiva e Silva from its board of
directors. Mr. Saraiva e Silva has tendered his resignation from the company as
he intends to focus on other endeavors. 


The management and board of Vast would like to thank Mr. Slotboom and Mr.
Saraiva e Silva for their service to the company and wish them well in the
future.


This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the impact of the
appointment and resignation of officers and directors of the company. Generally,
forward looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business,
economic, competitive, geopolitical and social uncertainties; the actual results
of exploration activities; regulatory risks; risks inherent in foreign
operations; and other risks of the oil and gas industry. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vast Exploration Inc.
Ahmed Said
President and CEO
+1 403-263 3000

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