Pacific Rodera Energy Inc. announces results of the 2010 annual general and
special meeting of shareholders

CALGARY, Aug. 5 /CNW/ - Pacific Rodera Energy Inc. (TSX Venture: PRD), ("PRD Energy" or the "Company") announces the results of the 2010 annual general and special meeting of shareholders. The shareholders overwhelmingly approved to change the name of the Company to PRD Energy Inc. as well as the election of the new slate of directors. The directors who will lead PRD Energy as it continues to explore opportunities in onshore Europe are as follows:

    
    Michael Greenwood, Chairman of the Board and CEO
    Mark Hornett, Director, President and COO
    William Shupe, Director
    Grant Fagerheim, Director
    John Greenwood, Director
    Daryl Gilbert, Director
    

The directors and officers of the Company as a group, beneficially own, or exercise control or direction over, an aggregate of 26,063,065 common shares (excluding common shares issuable pursuant to the exercise of outstanding options of the Company) representing approximately 23.7% of the outstanding common shares. The change of name is subject to the approval of the TSX Venture Exchange.

PRD Energy currently has cash and cash like deposits of approximately $19.4 million and has 109,839,946 shares outstanding.

Pacific Rodera Energy Inc. is a Calgary, Alberta based oil and natural gas company. Pacific Rodera's common shares are listed on the TSX Venture Exchange under the symbol PRD.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

%SEDAR: 00011817E

SOURCE PACIFIC RODERA ENERGY INC.

For further information: For further information: Michael Greenwood, Chairman and Chief Executive Officer, Roger Harman, Chief Financial Officer, Telephone: (403) 234-0501, Facsimile: (403) 234-0511

Organization Profile

PACIFIC RODERA ENERGY INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890