Gale Force schedules annual general meeting of shareholders

DALLAS, July 18, 2013 /CNW/ - Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: 
GFPMF) (the "Company" or "Gale Force") today announced that it has called its 
annual general meeting of shareholders for November 21, 2013. The board of 
directors has fixed October 9, 2013 as the record date for shareholders to 
receive notice of and to vote at the meeting. 
In addition to the regular agenda of the annual general meeting which 
includes, among other things, the presentation of the Company's annual 
consolidated financial statements for the year ended on June 30, 2013, the 
election of directors nominated by management and the appointment of auditors, 
the shareholders will also be asked to consider and vote on a resolution put 
forward by Iroquois Capital Opportunity Fund LP and certain other shareholders 
relating to the proposed reconstitution of the Board of Directors of the 
Company (the "Iroquois Resolution"). 
A shareholders' meeting to vote on the Iroquois Resolution was recently 
requisitioned by Iroquois (the "Iroquois Requisition"). The Board, on the 
recommendation of a newly established special committee of independent 
directors (the "Special Committee"), has determined that it is in the best 
interest of the Company to consider and vote on the Iroquois Resolution at the 
Company`s annual general meeting, rather than holding a separate and 
additional special shareholders' meeting. The Board and Special Committee 
considered a number of factors in reaching this conclusion, including the 
additional cost and distraction of a separate special shareholders' meeting, 
the proximity of any special shareholders' meeting with the Company's 
forthcoming annual general meeting of shareholders, and the timing and status 
of the ongoing strategic review process. 
Gale Force typically holds its annual meeting of shareholders in December or 
January of each year. In recognition of the requisition, Gale Force has 
decided to move up the date for its annual general meeting to an earlier date, 
being November 21, 2013. 
The Special Committee of independent directors (comprised of Guillaume Dumas, 
Robert Johnson and Charles Marleau) was formed to, among other things, 
consider the Iroquois Requisition, as well as oversee a strategic review 
process to identify, examine and consider a range of strategic alternatives 
available to Gale Force in order to enhance shareholder value. 
Details of the annual shareholders' meeting, including time and location of 
the meeting, will be announced in due course and a formal notice of meeting 
and management proxy circular will be mailed to the shareholders of Gale Force 
and filed on SEDAR at after the record date for the meeting. 
Gale Force Petroleum is a public corporation focused on acquiring and 
exploiting underdeveloped oil and gas reserves in mature basins, bringing 
operational expertise and capital to lower-risk, development-type projects. 
The Company currently owns producing oil and gas properties in Texas, 
Tennessee and West Virginia. 
Cautionary Statement Regarding Forward-Looking Statements 
Certain statements in this press release contain forward-looking statements. 
All forward-looking statements are based on the Company's current 
expectations, estimates, projections, beliefs and assumptions based on 
information available at the time the statement was made and in light of the 
Company's experience and its perception of historical trends. Some of the 
forward-looking statements may be identified by words like "expected", 
"subject to", "will be" and similar expressions. In addition, all other 
statements that address expectations or projections about the future, 
including statements about potential future transactions, are forward-looking 
statements. Forward-looking statements are not guarantees of future 
performance and involve a number of risks and uncertainties, some that are 
similar to other oil and gas companies and some that are unique to the 
Company, and the other risks described in the Company's continuous disclosure 
filings with securities regulators available under the Company's profile at The Company's actual results may differ materially from those 
expressed or implied by the Company's forward-looking statements and you are 
cautioned not to place undue reliance on them. The Company does not assume any 
obligation to update any forward-looking statements contained in this press 
release, except as required by applicable law. 
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. 
Michael McLellan, CFA, Co-Chairman & CEO, +1.888.440.3411,  
To view this news release in HTML formatting, please use the following URL: 
ST: Texas
-0- Jul/18/2013 14:17 GMT
Press spacebar to pause and continue. Press esc to stop.