Canadian Energy Exploration Inc. Announces Results of Annual and Special Meeting

    




 CALGARY, Sept. 15, 2011 /CNW/ - Canadian Energy Exploration Inc. ("Canadian Energy" or the "Company")  is pleased to announce that it held its annual and special meeting of  shareholders on September 15, 2011 and the shareholders of the Company  approved all the resolutions presented at the meeting, including: 




        --  The re-election of Messrs. Lawrence B. Buzan and John McGilvary
            as directors of the Company and the election of Mr. Keith Chase
            as a new independent director of the Company for the
            forthcoming year;

        --  The receiving of the Company's audited consolidated financial
            statements for the year ended December 31, 2010 together with
            the auditor's report thereon;

        --  The appointment of KPMG LLP, Chartered Accountants, as auditors
            of the Company (including authorizing the Directors to fix the
            auditors' remuneration); and

        --  The ratification and approval of the amended and restated Stock
            Option Plan of the Company.




 The board and management of Canadian Energy would like to thank all of  the shareholders of the Company who took the time to attend, or vote by  proxy at the meeting.  All materials associated with our meeting are  available under Canadian Energy's profile on SEDAR at www.sedar.com. 

 As previously announced by the Company (see press release dated August  22, 2011) William S. Sudhaus, John D. Wright, Chris J. Bloomer and  George Tsafalas did not stand for re-election at the meeting.  The  Company also announces that George Tsafalas has resigned as Chief  Financial Officer of the Company and Lawrence B. Buzan will assume the  interim role as Chief Financial Officer until a replacement is  appointed. 

 About Canadian Energy Exploration Inc. 

 Canadian Energy Exploration Inc. is a junior oil and gas company engaged  in the exploration for and development and production of oil and  natural gas reserves in Western Canada.  The Company's common shares  trade on the TSX Venture Exchange under the symbol "XPL". 

 Neither the TSX Venture Exchange nor its Regulation Services Provider  (as that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release. 

 Forward-looking statements: 

 This news release contains certain statements that may be deemed  "forward-looking statements". All statements in this release, other  than statements of historical fact, that address events or developments  that Canadian Energy expects to occur, are forward looking statements. 

 Forward looking statements are statements that are not historical facts  and are generally, but not always, identified by the words "expects",  "plans", "anticipates", "believes", "intends", "estimates", "projects",  "potential" and similar expressions, or that events or conditions  "will", "would", "may", "could" or "should" occur. Although Canadian  Energy believes the expectations expressed in such forward-looking  statements are based on reasonable assumptions, such statements are not  guarantees of future performance and actual results may differ  materially from those in forward looking statements. Factors that could  cause the actual results to differ materially from those in  forward-looking statements include market prices, exploitation and  exploration success, continued availability of capital and financing  and general economic, market or business conditions. Investors are  cautioned that any such statements are not guarantees of future  performance and actual results or developments may differ materially  from those projected in the forward-looking statements. Forward looking  statements are based on the beliefs, estimates and opinions of Canadian  Energy's management on the date the statements are made. Canadian  Energy undertakes no obligation to update these forward-looking  statements in the event that management's beliefs, estimates or  opinions, or other factors, should change, except as required by law. 



Canadian Energy Exploration Inc.


CONTACT:  Canadian Energy Exploration Inc.  Larry Buzan, President and  Chief Executive OfficerP: [phone]E-mail: [e-mail] 


    

Copyright