|By Marketwired .||
|May 28, 2014 04:17 PM EDT||
QUEBEC CITY, QUEBEC -- (Marketwired) -- 05/28/14 -- Petrolia (TSX VENTURE:PEA) announces that at its Annual General and Special Meeting held on May 28, 2014, shareholders elected Mr. Jacques Bourgeois, Mr. David McCallum, Mr. Albert Wildgen, Mr. Myron Tetreault and Mr. Charles Boulanger as directors. Mr. Tetreault and Mr. Boulanger were respectively appointed Executive Chairman and Lead Director of the board.
All other items on the agenda were also approved, including the ratification of the Company's 10% rolling stock option plan, an amendment to its by-laws and the reconfirmation of the Shareholders' Rights Plan. The Company has received conditional approval from the TSX Venture Exchange for these three items. The Company's shareholders also approved the appointment of Ernst & Young LLP as the new auditors of the Company and authorized the directors to fix their remuneration. Following the shareholders meeting, Mr. Alexandre Gagnon was appointed as an additional director.
In connection with various appointments, Petrolia granted 405,000 stock options to certain directors and officers of the Corporation at an exercise price of $0.67 per share expiring May 27, 2019.
Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km2 (4 million acres), which represents almost 23% of the Quebec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Hydrocarbons Anticosti LP, a limited partnership in which Petrolia holds a 21,7% interest. In order to carry out the project's operations, Petrolia Anticosti Inc., a subsidiary of Petrolia, was designated project operator. Petrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Petrolia has 74,667,372 shares issued and outstanding.
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Petrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Petrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Petrolia does not intend and undertakes no obligation to update these forward-looking statements.
Neither the 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.
Sep. 28, 2016 03:15 PM EDT Reads: 4,113
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 28, 2016 03:15 PM EDT Reads: 299
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 28, 2016 03:15 PM EDT Reads: 1,295
Sep. 28, 2016 03:00 PM EDT Reads: 3,857
Sep. 28, 2016 02:45 PM EDT Reads: 1,736
Sep. 28, 2016 02:30 PM EDT Reads: 2,918
Sep. 28, 2016 02:30 PM EDT Reads: 3,289
Sep. 28, 2016 02:00 PM EDT Reads: 4,746
Sep. 28, 2016 02:00 PM EDT Reads: 4,411
Sep. 28, 2016 01:57 PM EDT Reads: 193
Sep. 28, 2016 01:23 PM EDT Reads: 224
Sep. 28, 2016 01:00 PM EDT Reads: 160
Sep. 28, 2016 01:00 PM EDT Reads: 1,104
Sep. 28, 2016 01:00 PM EDT Reads: 3,547
Sep. 28, 2016 12:30 PM EDT Reads: 1,046