Vast Exploration Inc. Appoints General Jay Garner as Chairman of the Board of Directors
04 Août 2011 - 2:00PM
Marketwired
Vast Exploration Inc. ("Vast" or the "Company) (TSX VENTURE: VST)
is pleased to announce the appointment of General (Ret'd) Jay
Garner as Chairman of the board of directors.
Mr. Stan Bharti, commented "We are delighted to add General
Garner back to the board of directors. Jay has been recently
serving as an advisor to the Company, and his guidance has been
invaluable over the past several years. We look forward to Jay's
leadership and distinguished experience as we move forward to the
next phase of the Kurdistan project."
General Garner's military career culminated with his being
Assistant Vice Chief of Staff, U.S. Army. In January 2003, General
Garner was appointed by the Secretary of Defense to organize and
direct the Office of Reconstruction and Humanitarian Assistance
(ORHA) for post-war Iraq. In 1991, General Garner was appointed
Commanding General, Joint Task Force Bravo for Operation Provide
Comfort in northern Iraq. Under his leadership, a coalition of
American, British, French and Italian forces provided humanitarian
relief assistance to the Iraqi Kurds.
The Company is also pleased to announce that it has appointed
Neil Said as the Corporate Secretary of the Company. Mr. Neil Said
is a corporate securities lawyer who works as a legal consultant to
various TSX and TSX Venture listed companies in the mining and oil
& gas industries. Mr. Neil Said previously worked as a
securities lawyer at a large Toronto corporate law firm. He
obtained his JD degree from the University of Toronto and received
a Bachelor of Business Administration from Wilfrid Laurier
University. In connection with his appointment, Mr. Said has been
granted 200,000 stock options to purchase the same number of common
shares of the Company at a price of $0.16 per option exercised. The
stock options, and any shares issued on exercise thereof, will be
subject to a four month statutory hold period.
About Vast Exploration
Vast Exploration Inc. is an independent oil and gas company.
Vast is focused on the exploration and development of its principal
asset, the Qara Dagh Block, in the Kurdistan region of Iraq, where
it holds a net undivided 37% working interest in the block. The
Qara Dagh Block lies on trend with existing discoveries and is
located in the prolific Zagros Fold Belt of Northern Iraq, which
contains several large fields including the super-giant Kirkuk
field.
Forward-looking Information Warning
This press release contains "forward looking information" within
the meaning of applicable Canadian securities legislation. Forward
looking information includes, but is not limited to, statements
with respect to impact of these appointments on the Company, the
prospective nature of the Qara Dagh Block, the drilling program and
revised timeline for completion, exploration and development plans
and projected expenses and timetable, and relationships with other
companies who hold an interest in the Qara Dagh Block. Generally,
forward looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information. For a description of some of such
risks, please see the Company's most recent annual information form
filed under the profile of the Company on SEDAR. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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.
Contacts: Vast Exploration Inc. Ahmed Said President and CEO +1
(403) 263 3000 asaid@forbesenergygroup.com
(TSXV:VST)
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