NEWS RELEASE TRANSMITTED BY MARKETWIRE FOR: Sundance Energy Corporation TSX VENTURE SYMBOL: SNY OTCQX SYMBOL: SNYXF June 28, 2012 Sundance Energy Appoints New Directors CALGARY, ALBERTA--(Marketwire - June 28, 2012) - Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY) (OTCQX:SNYXF) would like to announce that due to their involvement as directors and officers of Sundance's partner on its Central Alberta Alexander Property, Mr. Doug Brett and Mr. Michael Koenig have resigned from its board of directors effective June 27, 2012. Sundance's management would like to thank Mr. Brett and Mr. Koenig for their efforts while on the board of directors and looks forward to continuing to work with them through their affiliation with Sundance's partner. The vacancies created by Mr. Brett's and Mr. Koenig's departures will be filled by Mr. Doug Carter and Mr. Nahn Le. Mr. Le will also replace Mr. Koenig on Sundance's Audit Committee. Mr. Carter, B.A. (Economics), is an Independent Businessman and a Petroleum Landman. Mr. Carter previously worked for Pan Canadian Petroleum Limited, Dome Petroleum Ltd., Bralorne Resources Ltd., Signalta Resources Ltd. and Amethyst Petroleums Ltd. Mr. Le is a chartered accountant specializing in taxation. Mr. Le obtained his B. Comm in accounting from Concordia University in 1981. Mr. Le articled with Coopers & Lybrand in Calgary where he received his CA designation in 1984. Prior to moving to the aviation sector in 1990, Mr. Le was employed by Unocal Canada Limited from 1985 to 1990 where he became a specialist in oil and gas joint venture audit and taxation. In 1999, Mr. Le was appointed Director, Taxation at Canadian Airlines International Ltd. ("CAIL"), responsible for all tax matters. Since the acquisition of CAIL by Air Canada in 2000, Mr. Le continues to serve Air Canada in his capacity as Director, Taxes and has been involved with a number of complex corporate transactions at Air Canada including the formation of ACE Aviation Holdings Ltd. ("ACE") and the subsequent IPO spin-offs of ACE's subsidiary units; Aeroplan, Jazz and Air Canada. Mr. Le is based in Calgary and is currently the President, CEO and a board member of a number of wholly-owned subsidiaries of Air Canada. Mr. Le has also held numerous officer and director roles with various TSX Venture listed entities. Flow-Through Private Placement Sundance would also like to announce that it intends to complete a non-brokered private placement of flow-through units at $0.12 per flow-through unit, for minimum gross proceeds of $500,000 and maximum gross proceeds of $1 million (the "Offering"). Each flow-through unit will consist of one common share to be issued on a "flow-through" basis and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one non flow-through common share at a price of $0.15 per share for a period of one year from the date of closing. A finder's fee of 6% of the gross proceeds of the Offering may be paid, on portions of the funds raised pursuant to the Offering, to arm's-length parties who introduce subscribers for the units. The closing of the Offering is expected to occur on or before July 31, 2012 and is subject to regulatory approval, including approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months from the date of closing. The net proceeds from the Offering will be used to finance Sundance's continuing capital programs. Filing of Interim Financials Sundance further announces that it has filed its interim financial statements for the six month period ended April 30, 2012 and the accompanying management's discussion and analysis. These filings are available on SEDAR at www.sedar.com. Sundance Energy Corporation is a junior publicly traded oil and gas company whose primary focus is exploring First Nation Lands in Western Canada. Sundance trades in Canada on the TSX Venture Exchange under the trading symbol "SNY" and on the OTCQX in the U.S.A. under the trading symbol "SNYXF". Cautionary Statement No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. Forward Looking Statements This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Sundance. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Sundance does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Sundance Energy Corporation Jeffrey Standen President/CEO (403) 538-8446 (403) 228-7715 firstname.lastname@example.org Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. INDUSTRY: Energy and Utilities - Oil and Gas SUBJECT: PER
Sundance Energy Appoints New Directors
Press spacebar to pause and continue. Press esc to stop.