Nanton, AB / ACCESSWIRE / February 4, 2015 / Petrostar Petroleum Corporation ("Petrostar" or "the Company") is very pleased to announce that the company's board of directors has selected Mr. Len Tucker to be appointed as a new director of the Company. Mr. Tucker's appointment is subject to approval by the TSX Venture Exchange. Len brings over 14 years of investment management experience, having worked as an Investment Advisor at Merrill Lynch, CIBC Wood Gundy and RBC Dominion Securities in addition to working as a special advisor on institutional sized funds.
In addition to his financial expertise, Mr. Tucker brings project management and equipment procurement experience derived from his work as a project manager in an engineering directorate at National Defence. From there, Mr. Tucker worked at the Canadian Coast Guard and the Department of Fisheries and Oceans as an environmental assessment scientist where he garnered regulatory expertise in numerous resource sectors, including the mining and offshore oil and gas industry in Canada through work related to such projects as the Terra Nova Offshore Petroleum Development Project and the Voisey's Bay Mine & Mill Project. Through these and other resource projects, he worked with numerous stakeholders at all levels and interests, from private citizens and provincial governments, to Aboriginal communities and private sector developers.
The Company believes that Mr. Tucker brings an expansive depth and breadth of expertise that will greatly assist the company's objectives.
R. Mackenzie Loree Petrostar CEO Commented "We couldn't be happier to have Mr. Tucker join the Board of Directors of Petrostar. He has been a long time shareholder and supporter of the Company. Mr. Tucker's experience and knowledge within the public markets and industry will be invaluable to aid the company on its journey of progression."
About Petrostar Petroleum Corp.
Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.
For further information, please contact:
Bruce Scafe, Director
1-877-737-8864 or bscafe@petrostarpetroleum.com
Alternate Contact.
Mackenzie Loree, CEO
1-403-861-6779 or mloree@petrostarpetroleum.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.
SOURCE: Petrostar Petroleum Corporation