TSX - Venture: TPC
DENVER, CO, June 27 /CNW/ - TrueStar Petroleum Corporation (TrueStar)
(TSX-V: TPC) announces the election of the Board of Directors at the annual
and special general meeting held in Denver on June 25, 2007.
The elected Board comprises incumbent Directors Messrs. Dennis Anderson,
William Blackwell, R.P. Eddy, and, Igor Effimoff and welcomes new member Mr.
Richard Shuster, setting the total number of directors at five. TrueStar would
like to sincerely thank Sir Ian Rankin, Dwain Immel and Harinder Jalli for
their valuable contributions on the previous Board and looks forward to a
continuing working relationship.
The Board of Directors subsequently elected Richard Shuster as Chairman
and CEO and Dwain Immel was re-elected as CFO. The Audit committee will
consist of William Blackwell, Richard Shuster and Igor Effimoff. Cindy Newton
was re-appointed as Corporate Secretary.
"The Board elected at the AGM will carry on the spirit of the previous
Board in order to create a solid base that will allow TrueStar to continue to
develop its potential," stated Dick Shuster, Chairman and CEO. All resolutions
as set out in the information circular were approved by the shareholders, with
43,018,350 shares voted, representing 38.39% of the issued and outstanding
shares as at the record date. Management would like to thank the shareholders
for their ongoing commitment to the Company.
TrueStar Petroleum Corporation is an oil and gas exploration,
development, and production company. TrueStar has interests in 34 producing
gas wells in the Barnett Shale gas play in Texas and a 10% interest in a
license for oil and gas development on 554,000 acres in Guatemala, and is
awaiting the reassignment of the remaining 90% interest in the License.
Working interest partners in Texas include publicly listed Devon Energy (NYSE:
DVN), Carrizo Oil & Gas (Nasdaq NM: CRZO), and EnCana (NYSE: ECA). Additional
information on TrueStar is available at http://www.truestar-petroleum.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard Shuster, Director
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
For further information:
For further information: TrueStar Petroleum Corporation: Dick Shuster,
Director and CEO, 410 17th Street - Suite No. 310, Denver, CO, 80202, (O)
(303) 893-2100, (F) (303) 893-2101, firstname.lastname@example.org; Cindy
Newton, Secretary, Canada Office, (O) (604) 669-6952, (F) (604) 669-6331,