Fairborne Energy Ltd. Announces Change of Name to Santonia Energy
Inc. and Appointment of New Board Member
CALGARY, ALBERTA -- (Marketwire) -- 01/09/13 -- Fairborne Energy Ltd.
(TSX:FEL) ("Fairborne" or the "Corporation") announces that it has
changed its name to Santonia Energy Inc. ("Santonia") effective
January 9, 2013. The name change was approved by shareholders of the
Corporation at the special meeting of shareholders of the Corporation
held on January 8, 2013 (the "Special Meeting").
The Corporation expects that trading of its common shares on the
Toronto Stock Exchange under its new name and trading symbol of "STE"
will commence within two to three business days from today's date.
Santonia's new website address will be www.santoniaenergy.com.
The Corporation is also pleased to announce that Mr. Guy Grierson has
agreed to join the Board of Directors of Santonia. Mr Grierson is
currently the CEO of B&G Energy Ltd., a private oil and natural gas
company based in Calgary. Mr Grierson has had experience in managing
several private E&P oil and gas companies. He has served as President
of Leland Energy Ltd. (1999-2001), Watford Energy Ltd. (2000-2001),
and Markwest Hydrocarbons Inc. (2001-2002) and has been CEO of B&G
Energy Ltd. since 2002. Prior experience includes 14 years at Chevron
Canada Resources (1982-1996) where he worked as a geologist, with
formal cross-training in geophysics, including several roles in
management. He spent three years with Kaiser-Francis Oil Co.
(1996-1999) in Tulsa Oklahoma, developing projects in Canada and
Texas. Mr Grierson currently serves on the Board of Directors of
Corex Resources Ltd. Mr Grierson graduated from Brandon University
where he earned Bachelor degrees in Geology, Computer Science and
At the Special Meeting, shareholders also approved the issuance of
common shares of the Corporation pursuant to the restricted and
performance award incentive plan of the Corporation.
Certain information set forth in this press release, contain
forward-looking statements including the timing of commencement of
trading under new name and trading symbol. By their nature,
forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond the Corporation's
Additional information on risks that could affect the Corporation's
operations and financial results are included in reports on file with
Canadian securities regulatory authorities and may be accessed
through the SEDAR website (www.sedar.com). Readers are cautioned that
the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The actual results, performance or
achievement of the Corporation could differ materially from those
expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what benefits that the Corporation
will derive therefrom. The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws.
Santonia Energy Inc.
Steven R. VanSickle
President and Chief Executive Officer
Santonia Energy Inc.
Aaron G. Grandberg
Chief Financial Officer
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