CALGARY, Feb. 25, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces the appointment of Neil Mackenzie and Ted Morton
as independent members of the Board of Directors.
Neil MacKenzie is an independent businessman, with more than forty-five
years of oil and gas experience. Mr. MacKenzie is a director of
various public companies, including Canyon Technical Services, and
currently a partner in Blackstone Fluids, an oil and gas drilling
fluids company. Mr. MacKenzie held the position of CEO of an oil and
gas company from 2004-2007. Mr. MacKenzie co-founded and served as
President of Protec Drilling Fluids for twenty-five years before it was
sold to Newpark Drilling Fluids in 1998 where he served as a Director
Ted Morton, B.A. PhD. in political economy, is a former Canadian
politician and cabinet minister in the Alberta government. Mr. Morton's
various positions in the Alberta Government included Minister of Energy
(2011-2012), Minister of Finance and Enterprise (2010-2011), and
Minster of Sustainable Resources (2006-2010). Mr. Morton was a
candidate for the leadership of the Progressive Conservative
Association in its 2006 and 2011 leadership elections. Mr. Morton is
currently an Executive-in-Residence at the School of Public Policy at
the University of Calgary and Senior Fellow, Energy and Environment, at
the Manning Foundation and also serves on the Board of the Alberta Land
Institute and the Board of Governors of the Council of Canadian
Yangarra has granted the new directors options to purchase an aggregate
of 1,000,000 common shares at an exercise price of $0.76 per share,
pursuant to its stock option plan. All options vest immediately and
will expire on February 24, 2019.
In addition, Yangarra announces that W.W. (Chuck) Charlton and Alan T.
Pettie have resigned from the Company's Board as of February 24, 2014.
Yangarra wishes to thank both Mr. Charlton and Mr. Pettie for their
services to the Board of Directors.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the Policies of the TSX Venture Exchange)
accepts responsibility for the adequacy and accuracy of this release.
SOURCE: Yangarra Resources Ltd.
For further information:
please contact Jim Evaskevich, President & CEO.