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CALGARY, Sept. 2, 2014 /CNW/ - DualEx Energy International Inc. ("DualEx" or the "Company") (TSX-V: "DXE") today announced the appointment of Mr. Robb Thompson to its Board of Directors, effective immediately. Mr. Thompson is a Chartered Accountant with more than 30 years of diverse experience, including being a partner at KPMG LLP and holding several senior management positions in the oil and gas sector, and will chair the Company's Audit Committee.
"Robb brings a substantial set of skills and expertise to our board, with broad experience in the oil and gas industry, in particular the accounting, regulatory and financial reporting requirements of junior public companies, both domestic and international, and further increases the board's independence," said DualEx President & CEO Garry Hides.
Subject to regulatory approval, an aggregate of 1,050,000 options to acquire common shares of DualEx were granted to Mr. Thompson and certain of the Company's other directors and officers. The options have an exercise price of $0.23 per share, expire on September 2, 2019 and vest on a one-third (1/3) basis on each of the first, second and third anniversaries of the date of grant.
DualEx has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the grant of options.
DualEx Energy International Inc. is an oil and gas exploration and production company with operations in Tunisia and Hungary. DualEx's common shares trade on the TSX Venture Exchange under the symbol "DXE".
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.
SOURCE: DualEx Energy International Inc.
For further information: This press release is reproduced on DualEx's website at www.dualexen.com. For this and other information about DualEx, please visit the website or contact Garry Hides (President & CEO) at 403-265-8011 ext. 223.