MONTREAL, Sept. 15 /CNW Telbec/ - Gale Force Petroleum Inc. (TSX-V: GFP)
today announced the resignation of Louis-Robert Lemire from its Board of
Directors, effective immediately.
Mr. Lemire's resignation follows the Autorité des Marchés Financiers'
recent decision to initiate an inquiry into some of Mr. Lemire's trading
activities. Mr. Lemire stated that his decision to resign was taken in the
sole interest of the Corporation, so as to not interfere in the continued
development of its business and to disassociate the Corporation from such an
"The resignation was in no way related to the Corporation's operational
performance, financial condition or quality of assets," said Jocelyn Boucher,
Chairman of the Board of Directors. "The Corporation and its Board of
Directors have been and will continue to be committed to good corporate
"Louis-Robert has made a big contribution to the Corporation as a member
of the Board, notably through his efforts to help the Corporation execute its
turnaround," he said. "Despite this, the Board of Directors accepted
Mr. Lemire's resignation."
As a result of this resignation, the Corporation is reducing its Board of
Directors from 6 members to 5, including 3 independent directors.
ABOUT GALE FORCE PETROLEUM INC. - www.GaleForcePetroleum.com
Gale Force Petroleum is a public oil and gas corporation focused on
acquiring and developing oil and gas properties in North America, building
shareholder value through growth.
"The TSX Venture Exchange has not reviewed this release and therefore
does not accept responsibility for its adequacy or accuracy."
For further information:
For further information: Michael McLellan, President and CEO, Gale Force
Petroleum Inc., (514) 333-9292