CALGARY, Dec. 3, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) announces that the Company and its working interest partners have brought a claim against the Attorney General of Canada seeking compensation in the amount of $60 million for the de facto expropriation and injurious affection of their working interests in the oil and gas assets in the Manyberries oilfields that are affected by the Emergency Order, SOR/2013-202 published in Part II of the Canada Gazette on December 4, 2013.
LGX also announces that Bill Wee, Vice President Operations of the Company effective immediately has resigned as an officer of the Company. The Board would like to thank Mr. Wee for his service to the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGX Oil + Gas Inc.
For further information: Trent J. Yanko, P.Eng., President + CEO; Curt Ziemer, Vice President, Finance + CFO, 4210, 525 - 8th Avenue S.W., Calgary, AB T2P 1G1, Telephone: 403.441.2345