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Share Name | Share Symbol | Market | Type |
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TSXV:WZR | TSX Venture | Common Stock |
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or the "Company") announces that Eric Stoerr has resigned from its board of directors effective February 18, 2014 for personal reasons. Mr. Stoerr joined the board of WesternZagros in August 2012 as an appointee of Crest Energy International LLC ("Crest") following Crest's initial strategic investment in the Company. Crest has indicated that it will continue to support WesternZagros through its remaining appointee on the board, Mr. John Howland, and it reserves its right to nominate a replacement board member for Mr. Stoerr pursuant to the terms of the Investment Agreement between WesternZagros and Crest. Fred Dyment, Chairman of the Board stated: "On behalf of the Board and management, I would like to thank Eric for his support and valuable contribution to the Company and wish him all the best in his future endeavours." About WesternZagros Resources Ltd. WesternZagros is an international natural resources company focused on acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a 40 percent working interest in two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros's shares trade in Canada on the TSX Venture Exchange under the symbol "WZR". NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE WESTERNZAGROS RESOURCES WAS RECOGNIZED AS A TSX VENTURE 50(R) COMPANY IN 2012 AND 2013. TSX VENTURE 50 IS A TRADE-MARK OF TSX INC. AND IS USED UNDER LICENSE. FOR FURTHER INFORMATION PLEASE CONTACT: WesternZagros Resources Ltd. Greg Stevenson Chief Financial Officer (403) 693-7007 WesternZagros Resources Ltd. Tony Kraljic VP Business Development (403) 693-7011 WesternZagros Resources Ltd. Lisa Harriman Manager of Investor Relations (403) 693-7017 investorrelations@westernzagros.com www.westernzagros.com Smithfield Group John Kiely / James McFarlane / Brett Jacobs +44 (0) 20 7360 4900 jkiely@smithfieldgroup.com Jmcfarlane@smithfieldgroup.com bjacobs@smithfieldgroup.com
1 Year WesternZagros Resources Ltd. Chart |
1 Month WesternZagros Resources Ltd. Chart |
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