CALGARY, Sept. 9 /CNW/ - Result Energy Inc. ("Result" or the
"Corporation" - TSX-V: RTE) is pleased to announce that it has reached an
agreement with its lender to extend its existing credit facilities to December
31, 2009. This extension will allow the company to complete its previously
announced strategic review in a prudent manner.
Result also announces that at its Annual Meeting of Shareholders (the
"Meeting") held on August 17, 2009, five directors were elected to the board
of Result. William M. Matheson, Garry S. Kelman, Gary F.H. Martin and Nicholas
G. Kirton who are currently directors of Result were re-elected and Roderick
A. Ferguson was also elected to the board.
Mr. Ferguson is a Partner in the Calgary office of Fasken Martineau
DuMoulin LLP, specializing in Securities and Corporate Law. Fasken Martineau
is one of the world's leading international business law and litigation firms
with more than 650 lawyers at its offices in Canada, the United Kingdom and
South Africa. Over his 30 year career, Mr. Ferguson has provided legal advice
to, and has served as a member of, the boards of directors of several public
and private companies.
He is currently a director of Chartwell Technology Inc., a leading
international provider of gaming software systems and entertainment content to
the online and remote gaming industry, whose shares are listed on the Toronto
Result Energy Inc. is a publicly traded Canadian energy company involved
in the exploration and development of oil and gas properties in western
Canada. Result trades on the TSX Venture Exchange under the symbol "RTE".
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.
For further information:
For further information: William Matheson, President & CEO, Result
Energy Inc., (403) 777-0007