VANCOUVER, Feb. 11 /CNW/ - PETRO HORIZON ENERGY CORP. (TSXV.PHE) (PRZCF.OTCBB) (PH0.FRANKFURT) is pleased to announce that Richard Granholm has agreed to join the Board of Directors.
Mr. Granholm and his family founded Magnacharge Batteries in 1964 which grew from its native roots here in Vancouver, to become one of Canada's largest wholesalers and distributor of industrial and automotive batteries. This has allowed Mr. Granholm the opportunity over his career to cultivate contacts and relationships though out North America and Asia, which will be a valuable asset to PHE's Board.
Mr. Granholm is currently the owner and President of Battery World Corp and one of his tasks is to oversee a lithium recycling program for an Asian manufacturer.
"Seeing first hand the demand in the Lithium battery market quadrupling
over the past year, and seeing sales of Lithium Batteries leading the charge
as the fastest growing sector in our retail front, I am excited about the
opportunity here, to working closely with PHE to help build contacts and
relationships both in North America and Asia."
The Corporation is also pleased to announce that it has retained Mr. John W. Curle to provide investor relations services. Mr. Curle has been involved in all aspects of the public markets for over thirty years, his wealth of knowledge and contacts will be a greatly appreciated contribution to the team. Mr. Curle "John" will be the primary liaison with shareholders, investment advisors, analysts, news writers and fund managers.
"picking a winning opportunity is always challenging, starting off in a
company with the right capital structure and advancing into one of the fasting
growing sectors, is a fantastic start."
Additionally, the Corporation announces the granting of 429,500 stock options to certain officers, directors, consultants and investor relations personnel at a price of $0.10 per share and shall have a term of three years.
Finally, the Board of Directors has called for a special meeting of shareholders to be held on May 21st, 2010 (date of record: April 30th 2010) in response to request pursuant to Section 167 of the Business Corporations Act of British Columbia. This request of certain shareholders was previously reported in a press release dated January 28th 2010.
On Behalf of the Board of Directors,
"Ronald Patrick Bourgeois"
Ronald P. Bourgeois, President
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 PETRO HORIZON ENERGY CORP.
For further information: For further information: Petro Horizon Energy Corp, Vancouver, BC, Tel: (604) 488-3900, email: email@example.com