/THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO U.S. NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./
CALGARY, June 22 /CNW/ - Canoel International Energy Ltd. ("Canoel" or
the "Company") (TSX VENTURE: CIL) is pleased to announce that the Company has
established an Advisory Committee to its Board of Directors and that Colin
Russel will become its first member.
The purpose of the Committee is to provide additional input to the Board
so as to broaden and deepen the knowledge and insights available to the
directors from time to time. The Committee will bring together individuals
with expertise relevant to the international oil and gas industry and with
extensive knowledge of the financial, economic and geopolitical panorama in
energy producing countries.
The Committee will be filled with additional members by the end of August
2009. Colin Russel, the initial Committee member, is a Canadian citizen.
He is the founder and Managing Director of Emerging Markets Advisory
Services Ltd, London, England which focuses on corporate strategy and
planning, business development and risk management notably in China and the
He is presently a director of Husky Energy Limited, one of Canada's
largest energy and energy-related companies, listed on the TSX. He is also
director of Cheung Kong Infrastructure Holdings, Hong Kong, CK Life Sciences,
Hong Kong, and ARA Asset Management, Singapore.
Mr. Russel previously served as the Canadian Ambassador to Venezuela
(2001-2002), Consul General for Canada in Hong Kong (1997-2001) and Director
for China, Department of Foreign Affairs (1994-1997) following many years in
infrastructure project management in Africa, Latin America and Asia and later
in trade and project development with Canada's Trade Commissioner Service.
Andrea Cattaneo, the Company's CEO and President stated: "The Board looks
forward to this additional source of advice and we are particularly pleased to
have Colin Russel join us with his long experience in emerging countries
around the world, and particularly In Asia ."
Neither 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.
For further information:
For further information: Andrea Cattaneo, Chief Executive Officer and
President, James H Grossman, Chairman, Email: firstname.lastname@example.org,
Telephone: (403) 629-9799