/NOT FOR DISTRIBUTION TO U.S NEWSWIRE OR FOR DISSEMINATION IN THE
CALGARY, July 22 /CNW/ - Sea Dragon Energy Inc. ("Sea Dragon" or the
"Company") is pleased to announce that it has retained the services of Brisco
Capital Partners Corp. ("Brisco") to provide investor relations services,
subject to regulatory approval. Brisco will initiate and maintain contact with
the financial community, shareholders, investors and other stakeholders for
the purpose of increasing awareness of the Company and its activities. Brisco
takes a full service approach to investor relations and provides creative,
investor relations programs for Canadian public companies.
Brisco was founded by Scott Koyich who has been operating in investor
relations for over 10 years. He has represented companies such as Centurion
Energy International Inc., Canadian Crude Income Trust, Anglo Potash Ltd.,
Vero Energy Inc. and Kirkland Lake Gold Inc.
The agreement is effective immediately and may be terminated by either
party at any time. Brisco will be paid a monthly fee of $7,500, and will be
granted 500,000 options to purchase common shares.
"We are excited about the Sea Dragon opportunity and the chance to work
with Said Arrata and his Egyptian based team for the second time." said Scott
Koyich, President of Brisco.
Sea Dragon is an international exploration and development company with
oil and gas interests in the Gulf of Suez, Egypt. The Company holds a 75%
working interest in the East Wadi Araba Concession ("EWA Concession") pursuant
to the deed of assignment awarded by the Arab Republic of Egypt and Egyptian
General Petroleum Corporation ("EGPC") for the purposes of the exploration and
exploitation of petroleum. The EWA Concession covers 193 square kilometres, or
approximately 47,691 acres (37,768 net acres), located in mainly shallow water
off-shore in the Gulf of Suez, Egypt.
For further information please see the final prospectus of the Company
dated July 3, 2008 filed on SEDAR at http://www.sedar.com
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading Risk Factors and elsewhere in the Company's
filings with Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume any obligation to
update any forward-looking statements, save and expect as may be required by
applicable securities laws.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the Shares in any jurisdiction. This news
release may contain forward-looking statements concerning the anticipated
performance of the Company. Forward-looking statements are based on the
estimates and opinions of management at the date the statements are made, and
the Company undertakes no obligation to update forward-looking statements if
conditions or opinions should change. The TSX Venture Exchange has neither
approved nor disapproved of the information contained herein.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: David Thompson, President, CEO and Director,
(403) 629-5850; Parvez Tyab, Executive Vice President and Director, (403)
971-3936; Scott Koyich, President, Brisco Capital Partners, (403) 262-9888,
firstname.lastname@example.org; Graeme Dick, Partner, Brisco Capital Partners,
(403) 561-8989, email@example.com