QUÉBEC CITY, May 22, 2014 - Pétrolia (TSX VENTURE:PEA) announces that Mr. André Proulx has resigned as a member of the board of directors. Mr. Proulx will also not be a standing for re-election as a director at the upcoming Annual General and Special Meeting of shareholders.
About Pétrolia
Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Hydrocarbons Anticosti LP, a limited partnership in which Pétrolia holds a 21,7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has 74,667,372 shares issued and outstanding.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements.
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.
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QUÉBEC CITY, May 22, 2014 - Pétrolia (TSX VENTURE:PEA) announces that Mr. André Proulx has resigned as a member of the board of directors. Mr. Proulx will also not be a standing for re-election as a director at the upcoming Annual General and Special Meeting of shareholders.
