MONTREAL, Aug. 18 /CNW Telbec/ - Gale Force Petroleum Inc. (TSX Venture:
GFP, the "Corporation") today announced that Guillaume Dumas, L.L.B. and
member of the Québec bar, has joined the board of directors, effective today.
Mr. Dumas has over fifteen years experience in mergers and acquisitions,
private equity and asset-based lending. Mr. Dumas is also a partner of
Primatlantis Capital Inc., holder of a $2,030,000 secured lender to the
"We are pleased to have a professional of the quality of Guillaume Dumas,
with such relevant and valuable experience, joining the Corporation," said
Michael McLellan, Chairman and CEO.
The Corporation also announced that 43,208,876 common shares were issued
to settle debts under the terms of the Proposal to Creditors it filed on
February 4, 2009 under the Bankruptcy and Insolvency Act (Canada). The shares
will be delivered to the creditors and the final payments will be made under
the Proposal to Creditors within approximately thirty days. This will complete
the Proposal to Creditors and Trustee will be discharged.
Following the issuance of these shares, 62,677,178 shares of the
Corporation will be issued and outstanding.
ABOUT GALE FORCE PETROLEUM INC.(TM) - www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation focused on acquiring and
exploiting unconventional and conventional gas resources in mature basins,
building shareholder value through accretive opportunistic acquisitions and
development of its properties. It owns producing natural gas properties in
Alberta, Canada and in Kentucky, USA.
"The TSX Venture Exchange has not reviewed this release and therefore
does not accept responsibility for its adequacy or accuracy."
For further information:
For further information: Michael McLellan, Chairman and CEO, (514)