TORONTO, Jan. 30, 2012 /CNW/ - Eagleford Energy Inc. (OTCBB: EFRDF)
("Eagleford Energy" or the "Company"), is pleased to announce that on
January 25, 2012, Alan D. Gaines, B.B.A, M.B.A was appointed to the
Board of Directors of Eagleford Energy. Mr. Gaines has approximately
30 years experience as an energy investment and merchant banker, and
has participated in raising significant debt and equity during his
career. The notable experience of Mr. Gaines extends to operations as
well. Mr. Gaines founded and served as CEO of Dune Energy from
inception in May 2001 through May 2007. In May 2007, Dune Energy
completed the acquisition of Goldking Energy Corporation for $327
million, raising total proceeds of $540 million in senior notes and
convertible preferred stock, as well as refinancing existing
indebtedness in conjunction with the acquisition. Concurrent with the
closing of the Goldking transaction, new operating management,
including a new CEO, was hired by Dune Energy to oversee day to day
operations. Mr. Gaines retained his title of Chairman of the Board.
An acknowledged expert within the oil and gas space, over the years Mr.
Gaines has been quoted by numerous oil and gas industry periodicals, as
well as a multitude of magazines and newspapers on a global basis, such
as The Wall Street Journal, Barron's, The New York Times, Forbes,
Fortune, Business Week, Financial Times of London and The Houston
About Eagleford Energy Inc.
Eagleford Energy Inc. is a growth orientated oil and gas company with a
focus on growing hydrocarbon reserves, cash flow, and net asset value
per share through exploration and production of mineral properties in
South Texas. There are approximately 34.7 million shares issued and
outstanding in the capital of the Company.
Certain information regarding the Company in this news release may
constitute forward-looking statements under applicable securities laws.
The forward-looking information includes, without limitation,
projections or estimates made by us and our management in connection
with our business operations. Various assumptions were used in drawing
the conclusions or making the forecasts and projections contained in
the forward-looking information contained in this press release, which
assumptions are based on management analysis of historical trends,
experience, current conditions and expected future developments pertaining to the
Company and the industry in which it operates as well as certain
assumptions as specifically outlined in the release above.
Forward-looking information is based on current expectations, estimates
and projections that involve a number of risks, which could cause
actual results to vary and in some instances to differ materially from
those anticipated by the Company and described in the forward-looking
information contained in this press release. Undue reliance should not
be placed on forward-looking information, which is not a guarantee of
performance and is subject to a number of risks or uncertainties.
Readers are cautioned that the foregoing list of risk factors is not
exhaustive. Forward-looking information is based on the estimates and
opinions of the Company's management at the time the information is
released and the Company disclaims any intent or obligation to update
publicly any such forward-looking information, whether as a result of
new information, future events or otherwise, other than as expressly
required by applicable securities laws.
SOURCE Eagleford Energy Inc.
For further information:
Eagleford Energy Inc.
Telephone: (416) 364-4039
Suite 1505, 1 King Street West, Toronto, Ontario, M5H 1A1, Telephone: 416 364-4039, Facsimile: 416 364-8244