CALGARY, Dec. 20 /CNW/ - CANADIAN PHOENIX RESOURCES CORP. ("Canadian Phoenix" or the "Corporation") announces that, effective
December 20, 2010, Mr. John Downes has been appointed interim Chief
Financial Officer, replacing Mr. Tim Moran. Mr. Downes has over 10
years of management and accounting experience in the natural resource
and lending sectors. Mr. Downes holds a Bachelor of Commerce degree
from the University of Victoria and he is a member of the Institute of
Chartered Accountants of British Columbia. Pursuant to the
Corporation's Stock Option Plan, the Board has granted 75,000 stock
options to Mr. Downes. The options, which vest immediately, have an
exercise price of $1.40 (the closing share price prior to the grant
date) and a five year term to expiry.
The Board wishes to thank Mr. Moran for his dedication and service to
Canadian Phoenix since first joining the Corporation in 2009, including
his tenure as Chief Financial Officer since February 2010, and wishes
him every success in the future.
About Canadian Phoenix
Canadian Phoenix Resources Corp. is a publicly-traded junior oil and gas
exploration, development and production company with operations in
Western Canada. Canadian Phoenix's shares trade on the TSX Venture
Exchange under the symbol "CXP".
Neither the 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.
For further information: For further information:
|Michael Atkinson |
President & CEO
Phone: (604) 689-1428
Interim Chief Financial Officer
Phone: (403) 920-0040