TSX Venture Exchange Symbol: DES
CALGARY, June 7, 2012 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") is pleased to announce,
subject to regulatory approval, the appointment of David Eastham to the
Corporation's Board of Directors. He joins Douglas Robinson, James
Long and James Feeney on the Board, who were elected at the
Corporation's Annual Shareholder Meeting on June 6, 2012. Mr. Eastham
brings more than 28 years of experience to the Board in various
financial roles in both private and public corporations. Since 2006,
he has been a Director and Vice President, Finance and Chief Financial
Officer of Exoro Energy Inc., a private oil and gas company. Prior to
2006, Mr. Eastham was the Vice-President, Finance and Chief Financial
Officer of Northern Crown Petroleums (2003-2005), Northern Crown
Resources Inc. (2001-2003), and Tethys Energy Inc. (1996-2001). Mr.
Eastham has also served as a Director of Northern Crown Petroleums
Ltd., Northern Crown Resources Inc. and Daybreak Energy Corporation.
Mr. Eastham holds a Bachelor of Commerce degree from the University of
Calgary and is a Chartered Accountant.
Desmarais also announces that it has granted stock options to purchase
an aggregate of 2,750,000 common shares of the Corporation, at an
exercise price of $0.10 per share. The stock options were granted
pursuant to the Corporation's stock option plan, shall fully vest upon
issuance and shall expire 3 years from the date of issue. The stock
options were granted to consultants, officers and directors.
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.
Advisory: This press release may contains certain forward-looking
statements within the meaning of applicable securities laws. The use
of any of the words "expect", "anticipate", "continue", "estimate",
"may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward looking
statements. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. The forward looking statements contained in this press
release are made as of the date hereof and Desmarais undertakes no
obligation to update publicly or revise any forward looking statements
or information, unless so required by applicable securities laws.
SOURCE Desmarais Energy Corporation
For further information:
Doug R. Robinson, President
Desmarais Energy Corporation
Tel: (403) 265-8007 / Fax: (403) 264-7076