FSC / Press Release
Standard Exploration Ltd. Appoints New Director, Issues Stock Options
Calgary, Alberta CANADA, July 31, 2013 /FSC/ - Standard Exploration Ltd. (SDE -
TSX Venture), (the "Corporation") announces that effective July 29, 2013, David
V. Richards has agreed, subject to regulatory approval, to act as a director of
the Corporation until the next annual meeting or until a successor has been
Mr. Richards is a fellow of the Institute of Chartered Accountants and past
partner of both PricewaterhouseCoopers and Arthur Andersen and Co. In his
capacity as a senior partner with both PricewaterhouseCoopers and Andersen,
David had responsibility for major accounts such as Unocal Canada, Texaco
Canada, Methanex Corporation, Acetex Corporation and Maersk (a subsidiary of
David has extensive experience with mergers, acquisitions, purchase
investigations, restructuring and financial engineering.
David has served as a director of numerous companies including Boardwalk REIT,
Alliance Atlantis Movie Distribution Income Fund, Parkbridge Lifestyle
Communities Inc., InternetSecure Inc., Forte Resources Inc., Valiant Energy
Inc., Bear Ridge Resources Inc., and Canada Fluorspar Inc. David has chaired
Audit Committees, Compensation Committees, numerous Special Committees and has
served as Board Chair and Lead Director. He currently serves as a director of
Madison PetroGas Ltd. and Wilmington Capital Management Inc.
David is a Past President of the Alberta Chamber of Commerce and a past Vice
President of the Calgary Chamber of Commerce and over the years has served
numerous community-minded charitable organizations.
The Corporation also announces that its Board of Directors has approved the
granting of stock options to purchase 900,000 common shares of the Corporation
to the Corporation's directors and officers, subject to regulatory and TSX
Venture Exchange approval. The options were issued with an exercise price of
$0.10 per share, vest as to one-third immediately, one-third after the first
anniversary and one-third after the second anniversary and have a five year term
from the date of issuance.
FOR FURTHER INFORMATION PLEASE CONTACT:
Standard Exploration Ltd.
Tom MacKay, CEO
Office: (403) 262-4450
The Corporation is a Canadian based oil and gas corporation with operations in
Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public
filings may be found at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
terms is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
To view the press release as a PDF file, please click on the following link:
Source: Standard Exploration Ltd. (TSX-V: SDE)
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-0- Jul/31/2013 20:15 GMT
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