Emperor Nominates Gregory Fedun CEO
CALGARY, Nov. 25, 2013 /CNW/ - The Board of Directors of Emperor Oil Ltd. (TSXV: EM),
(OTC: CHVFF), (Frankfurt: 8CV), (Europe: ISIN: CA29159B1031), (WKN: A1J3EL),
("Emperor" or the "Company") are pleased to announce Mr Gregory Fedun has been
nominated Chief Executive Officer and President. The nomination is pending review of his
Personal Information Form by the TSX Venture Exchange which is being submitted
concurrently to the Exchange.
Coming from a long lineage of OIl and Gas professionals Mr. Fedun has attained significant
experience in the natural resource sector and in particular, the oil and gas sector. Mr. Fedun
has assisted several companies in the development of their resource projects in North
America, South America, Africa and the Middle East. These projects included the
development of an off shore hydrocarbon assets in the Gulf of Mexico which was comprised
of successfully acquiring, developing and bringing an asset on stream. Mr. Fedun
previously worked extensively with the Al Mualla Royal Family (UAE) consulting on various
projects. Additionally Mr. Fedun, assisted Voyageur Oil & Gas Corp. in reforming its
management team adding a former Technical director from BP OIL. This resulted in
Voyageur securing a business combination transaction with Anadarko Petroleum
Corporation in access of $ 70 million. The companies he has worked with have raised in
excess of 150 million over the past 6 years.
Mr. Fedun has worked with the Emperor Board of Directors and Management to secure Oil
and Gas projects as well as providing assistance in capital raising endeavors.
Upon completion of the Exchanges review of Mr. Fedun's personal information form and
presuming that such is cleared, Mr. Fedun will replace the interim Chief Executive Officer,
Mr. Michael Dake, who will remain an independent director.
The Company also announces the resignation from the Board of Directors Dr. Abdel
Rahman and the appointment of Mr. Daryn Gordon, the Company's chief financial officer, as
a member of the Board. The Company looks forward to continuing working with Mr. Gordon
who has brought significant oil and gas financial expertise to the Company.
About Emperor
Emperor Oil is an international oil and gas exploration and development company.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information.
Some of the statements contained in this press release are forward-looking statements and
information within the meaning of applicable securities laws. Forward-looking statements
and information can be identified by the use of words such as "expects", "intends", "is
expected", "potential", "suggests" or variations of such words or phrases, or statements that
certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken,
occur or be achieved. Forward-looking statements and information are not historical facts
and are subject to a number of risks and uncertainties beyond Emperor's control. Actual
results and developments are likely to differ, and may differ materially, from those expressed
or implied by the forward-looking statements contained in this news release. Accordingly,
readers should not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any forward-looking
statements, except as may be required by law.
Please contact the Company at
greg@emperoroil.com or
Enquiries: 1 587 329 9644
Emperor Oil Ltd
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