CALGARY, Dec. 23 /CNW/ - Kierland Resources Ltd. ("Kierland" or the "Company") (TSX VENTURE:KIR) is pleased to announce the appointment of Mr. Chad Dust to the company's board of directors.
Mr. Dust has significant oil and gas financial market expertise. He is experienced in a vast spectrum of energy-related assignments, including private equity, investment management, recapitalizations, corporate and investment banking, acquisitions, asset divestures, and a wide array of other debt and equity-related transactions. Mr. Dust has extensive public company experience, including buy side and energy finance. He holds a Bachelor of Commerce degree with a major in Finance from the University of Saskatchewan.
The Company also advises that the Company's Board of Directors approved the granting of 3,950,000 stock options to officers, directors, employees and consultants of the Company, subject to regulatory and TSXV approval of which 2,450,000 were previously announced (December 15,2009). The options were issued with an exercise price of $0.10 per share and have a five year term with standard vesting provisions.
About Kierland Resources
Kierland Resources is a publicly traded junior oil and gas company focused on exploration and development of oil and natural gas including Saskatchewan and Alberta. The Company remains focused on strategic acquisitions and aggressively expanding production, reserves and opportunistic transactions in this sector.
Issued Common Shares: 57,752,307
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 release.
SOURCE KIERLAND RESOURCES LTD.
For further information: For further information: Kierland Resources Ltd., Richard J. Boswell, President and Chief Executive Officer, (403) 510-2957; Kierland Resources Ltd., 750, 630 - 6th Avenue SW, Calgary, Alberta, T2P 0S8