TSX Venture Exchange Symbol: DES
CALGARY, June 7, 2012 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") is pleased to announce, subject to regulatory approval, the appointment of David Eastham to the Corporation's Board of Directors. He joins Douglas Robinson, James Long and James Feeney on the Board, who were elected at the Corporation's Annual Shareholder Meeting on June 6, 2012. Mr. Eastham brings more than 28 years of experience to the Board in various financial roles in both private and public corporations. Since 2006, he has been a Director and Vice President, Finance and Chief Financial Officer of Exoro Energy Inc., a private oil and gas company. Prior to 2006, Mr. Eastham was the Vice-President, Finance and Chief Financial Officer of Northern Crown Petroleums (2003-2005), Northern Crown Resources Inc. (2001-2003), and Tethys Energy Inc. (1996-2001). Mr. Eastham has also served as a Director of Northern Crown Petroleums Ltd., Northern Crown Resources Inc. and Daybreak Energy Corporation.
Mr. Eastham holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant.
Desmarais also announces that it has granted stock options to purchase an aggregate of 2,750,000 common shares of the Corporation, at an exercise price of $0.10 per share. The stock options were granted pursuant to the Corporation's stock option plan, shall fully vest upon issuance and shall expire 3 years from the date of issue. The stock options were granted to consultants, officers and directors.
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.
Advisory: This press release may contains certain forward-looking statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward looking statements contained in this press release are made as of the date hereof and Desmarais undertakes no obligation to update publicly or revise any forward looking statements or information, unless so required by applicable securities laws.
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