TORONTO, Feb. 24 /CNW/ - Exile Resources Inc. (TSXV: ERI) ("Exile" or
the "Company"), a junior oil and gas exploration and production
company, announced today that it has appointed Mr. Darren Moulds as the
Company's new Chief Financial Officer. Mr. Moulds replaces Mr. Graham
Warren who has resigned from the management team and will be leaving
the Company to pursue other opportunities.
Mr. Moulds has held previous management positions including Chief
Financial Officer of Africa Oil Corp. and Financial Controller of
Upstream Operations for Centurion Energy International Inc. (Dana Gas).
Mr. Moulds holds a Bachelor of Commerce degree from the University of
Saskatchewan and obtained his CPA designation with
"With more than 11 years spent in the oil and gas industry, Darren
brings specific financial and tax experience to Exile," said Mr. Tony
Henshaw, President and CEO of Exile. "His background and expertise will
benefit the Company in our push towards first production."
"On behalf of the Board, I would like to express our appreciation for
the many contributions Mr. Warren has made during his tenure as CFO,
including his help in building Exile's many growth opportunities. We
wish him all the best in his future endeavours."
Exile also wishes to announce that it has granted 3,720,000 incentive
stock options to various officers, directors and consultants of the
Company, subject to Board approval. The options will be exercisable at
$0.19 and will expire February 24, 2016. The options will vest
immediately subject to a four-month regulatory hold period. The grant
of options remains subject to TSX Venture Exchange approval.
About Exile Resources Inc.
Exile Resources Inc. is engaged in the acquisition, exploration and
development of crude oil and natural gas properties in existing and
underdeveloped basins. The Company aims to identify and acquire
interests in additional properties with a greater emphasis placed on
exploration. Exile utilizes strategic partnership and joint ventures in
order to fully realize the production potential of any asset it
acquires. With significant experience and track record of success in
international operations, the Company is pursuing additional
opportunities that are early on in the exploration and development
value chain. Please visit Exile Resources web site for further
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Forward-Looking Statements - Certain information set forth in this news
release may contain forward-looking statements that involve substantial
known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of Exile Resources Inc. including, but not
limited to the impact of general economic conditions, industry
conditions, volatility of commodity prices, risks associated with the
uncertainty of estimates, currency fluctuations, independent actions of
its joint venture partners, dependence upon regulatory approvals, the
availability of future financing and exploration risk. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements.
Neither 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 Exile Resources Inc.
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