DALLAS, TX, Dec. 14, 2012 /CNW Telbec/ - Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company" or "Gale Force") today announced the results of its Annual General Meeting of its shareholders, held earlier today. The following resolutions were approved by the shareholders at the Meeting:
(1) Election of Directors
Shareholders individually re-elected Ruben Alba, Guillaume Dumas, Robert Johnson, Charles Marleau, Michael McLellan and G. Scott Paterson.
(2) Appointment of Auditors
The shareholders appointed Bélanger Dalcourt Chartered Accountants as the Company's auditors for the ensuing year.
(3) "Rolling" Stock Option Plan and RSU Plan
The shareholders passed resolutions approving the Company's 10% "Rolling" Stock Option Plan and its Restricted Share Unit Plan, subject to TSX Venture Exchange Approval of a Company application to graduate to Tier 1.
ABOUT GALE FORCE PETROLEUM INC. − www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation focused on acquiring and exploiting underdeveloped and undervalued oil and gas reserves in mature basins, bringing operational expertise and capital to lower-risk, development-type projects. The Company currently owns producing oil and gas properties in Texas, Oklahoma, Tennessee and West Virginia.
"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: GALE FORCE PETROLEUM INC.
For further information:
Michael McLellan, CFA, Co-Chairman & CEO, +1.514.221.2030