Listing: TSX Venture Exchange ("EEI.V")
Issued Common Shares: 60,208,086
TORONTO, May 6 /CNW/ - Echo Energy Canada Inc. ("Echo Energy") announced
today that it has commenced legal proceedings against its former President and
Chief Executive Officer Gary Conn and his private corporation. Echo Energy
claims damages of $35 million. Echo Energy filed its action today in the
Ontario Superior Court of Justice as a counterclaim to an action commenced by
Mr. Conn and his private corporation against Echo Energy for $500,000 damages
for breach of contract and wrongful dismissal. Mr. Conn was suspended on
December 2, 2008 and commenced his action on February 24, 2009. Echo Energy's
counterclaim is based on allegations of tort and breach of contract in
relation to Mr. Conn's activities as a former officer and director of the
About Echo Energy Canada Inc.
Echo Energy Canada Inc. is a publicly traded energy company with revenue
producing natural gas production operations near Port Burwell Ontario, Canada
on the shores of Lake Erie.
Statements in this news release that are not historical facts, including
statements about plans and expectations regarding properties, reserves,
transactions and opportunities, capital resources and future financial results
are forward-looking. Forward-looking statements involve risks and
uncertainties, which may cause the Company's actual results in future periods
to differ materially from those expressed. These uncertainties and risks
include changing gas and commodity prices and currency exchange rates, demand
for gas, lack of success of future exploration and development, competition
and other factors discussed from time to time in the company's filings with
the Ontario Securities Commission.
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 news release.
For further information:
For further information: Charles Edey, President, at 1-877-396-3540,