CALGARY, March 10 /CNW/ - First Calgary Petroleums Ltd. ("First Calgary"
or the "Company) is pleased to announce the appointment of a new Non-Executive
Chairman, Mr. Harry. Garfield (Gar) Emerson, Q.C, to the Company's Board,
effective immediately. Mr. Charles Pitman, the current Chairman, will step
down as a member of the Board due to personal family reasons.
"On behalf of the Board of Directors, I would like to thank Chuck Pitman
for his dedication to First Calgary. Everyone on the First Calgary team wishes
Chuck well during this difficult time for him and his family," said Richard
Anderson, President and CEO of First Calgary Petroleums Ltd.
Mr. Emerson, aged 67, has extensive strategic advisory experience,
including in investment banking, securities and corporate law and corporate
finance. He is a corporate director and the Principal of Emerson Advisory, an
independent business and financial advisory company providing insight to
organizations on mergers and acquisitions, corporate finance, governance,
restructurings and strategy. He is a member of the board of directors of CAE
Inc., Canadian Tire Corporation Ltd., Sentry Select Capital Corp. and
Wittington Investments, Ltd., and is the immediate past Chairman of Rogers
Mr. Emerson is a certified director of the Institute of Corporate
Directors and a member of the Directors in Residence faculty of The Directors
College sponsored by the DeGroote School of Business (McMaster University) and
the Conference Board of Canada.
From 2001 to 2006, Mr Emerson was National Chair of Fasken Martineau
DuMoulin LLP, a national Canadian law firm with overseas offices, where he
continues to be a partner.
From 1990 to 2001, Mr. Emerson was the President and Chief Executive
Officer of NM Rothschild & Sons Canada Limited, an investment banking firm
affiliated with NM Rothschild & Sons Limited, London, England. While with NM
Rothschild Canada, Mr. Emerson provided investment banking and financial
advisory services in the areas of mergers and acquisitions, corporate finance,
restructurings, and privatizations.
Prior to 1990, Mr. Emerson was a senior partner of the Toronto law firm,
Davies, Ward & Beck, engaged in securities and corporate law and mergers and
Mr. Emerson has frequently participated as a panelist and speaker and has
published numerous papers and articles on governance, securities and corporate
law, mergers and acquisitions and corporate finance.
"I am very pleased to have been appointed Chairman of the Board of First
Calgary at such an important stage in the Company's development. The Company,
and its experienced management team, has an impressive history of exploration
and financing success. I look forward to playing a significant role in
advising and supporting the Company as First Calgary moves forward with its
production and growth strategy to increase shareholder value," said Gar
Emerson, Chairman of the Board, First Calgary Petroleums Ltd.
First Calgary Petroleums Ltd. is an oil and gas company actively engaged
in international exploration and development activities in Algeria. The
Company's Common Shares trade on the Toronto Stock Exchange in Canada (FCP)
and on the AIM market of the London Stock Exchange in the UK (FPL).
This news release includes statements about expected future events and
financial results that are forward looking in nature and subject to risks and
uncertainties. First Calgary Petroleums Ltd. cautions that actual performance
may be affected by a number of factors, many of which are beyond its control.
Future events and results may vary substantially from what First Calgary
Petroleums Ltd. currently foresees.
For further information:
For further information: First Calgary Petroleums Ltd.: Jeffrey P.
Angel, Vice President Corporate Communications and Investor Relations, Tel:
(403) 264-6697; Other Contacts: James Henderson, Pelham Public Relations, Tel:
+44 (0)20 7743 6673; Carina Corbett, 4C - Burvale Limited, Tel: +44 (0) 20
7559 6710; Mandy Dinning, Hill & Knowlton Canada, Tel: (403) 268-7858;
Nominated Advisers: Richard Swindells, David Nabarro, Nabarro Wells & Co.
Limited, Tel: +44 (0)20 7710 7400