CALGARY, Nov. 25, 2013 /CNW/ - The Board of Directors of Emperor Oil
Ltd. (TSXV: EM), (OTC: CHVFF), (Frankfurt: 8CV), (Europe: ISIN:
CA29159B1031), (WKN: A1J3EL), ("Emperor" or the "Company") are pleased
to announce Mr Gregory Fedun has been nominated Chief Executive Officer
and President. The nomination is pending review of his Personal
Information Form by the TSX Venture Exchange which is being submitted
concurrently to the Exchange.
Coming from a long lineage of OIl and Gas professionals Mr. Fedun has
attained significant experience in the natural resource sector and in
particular, the oil and gas sector. Mr. Fedun has assisted several
companies in the development of their resource projects in North
America, South America, Africa and the Middle East. These projects
included the development of an off shore hydrocarbon assets in the Gulf
of Mexico which was comprised of successfully acquiring, developing and
bringing an asset on stream. Mr. Fedun previously worked extensively
with the Al Mualla Royal Family (UAE) consulting on various projects.
Additionally Mr. Fedun, assisted Voyageur Oil & Gas Corp. in reforming
its management team adding a former Technical director from BP OIL.
This resulted in Voyageur securing a business combination transaction
with Anadarko Petroleum Corporation in access of $ 70 million. The
companies he has worked with have raised in excess of 150 million over
the past 6 years.
Mr. Fedun has worked with the Emperor Board of Directors and Management
to secure Oil and Gas projects as well as providing assistance in
capital raising endeavors.
Upon completion of the Exchanges review of Mr. Fedun's personal
information form and presuming that such is cleared, Mr. Fedun will
replace the interim Chief Executive Officer, Mr. Michael Dake, who will
remain an independent director.
The Company also announces the resignation from the Board of Directors
Dr. Abdel Rahman and the appointment of Mr. Daryn Gordon, the Company's
chief financial officer, as a member of the Board. The Company looks
forward to continuing working with Mr. Gordon who has brought
significant oil and gas financial expertise to the Company.
Emperor Oil is an international oil and gas exploration and development
Neither TSX Venture Exchange nor its Regulations Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and information
can be identified by the use of words such as "expects", "intends", "is
expected", "potential", "suggests" or variations of such words or
phrases, or statements that certain actions, events or results "may",
"could", "should", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond
Emperor's control. Actual results and developments are likely to
differ, and may differ materially, from those expressed or implied by
the forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on forward-looking
statements. The Company undertakes no obligation to update publicly or
otherwise revise any forward-looking statements, except as may be
required by law.
SOURCE: Emperor Oil
For further information:
please contact the Company at
Enquiries: 1 587 329 9644
Emperor Oil Ltd