Category: News Releases New Director, New Technical Advisor and IR Firm Appointed – Options Proposed
Petrostar Petroleum Corporation (the “Company”) (TSX.V-PEP) www.petrostarpetroleum.ca announces that Mr. William Wilson of Denver, Colorado has ceased to become a director of the company effective immediately. Business and personal commitments require his total concentration and efforts. The company thanks him for his service and wishes him every success in the future. Mr. Thor Gauti currently an officer of the Company has been appointed a director and will serve to the next Annual General Meeting of the corporation. The Company also wishes to announce that Mr. Murray Jackson P. Geol. of Calgary, Alberta has agreed to serve on the Company’s Technical Advisory Committee. Mr. Jackson has many years of experience in the oil and gas industry.
The Company has also retained the services of Contact Financial Corporation for corporate investor relation services and has not extended its current contract with Syndicated Capital Corp.
The Company intents to grant a total of 1,880,460 incentive stock options to its officers and directors, and a total of 938,100 incentive stock options to its consultants. The options proposed will be exercisable for a period of 1 to 5 years at a price of $0.20 per share.
ON BEHALF OF THE BOARD OF DIRECTORS
“Robert A. Sim”
________________________
Robert A. Sim, Director
The Toronto Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. It is proven to This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond its control and actual results may differ materially from the expected results.
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