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.
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