CGX Energy Inc. - Annual & Special Meeting Results of ON Energy Inc.
(TSX-V | OYL)
TORONTO, Aug. 23, 2013 /CNW/ - CGX Energy Inc.'s (TSXV: OYL) subsidiary,
ONEnergy Inc., a corporation incorporated in Guyana and in which CGX Energy
holds a 62% equity interest, held its annual and special meeting of
shareholders on August 21, 2013. Dr.Suresh Narine, Mr.Dewi Jones, Ms.
Tralisa Maraj, Mr. Michael Galego, Mr. Edward Beharry and Mr.John Lewis, the
six nominees proposed as directors and listed in ON Energy's management
information circular dated July 26, 2013 were elected as directors. ON
Energy's audited financial statements for the fiscal year ended December 31,
2012 were approved and TSD Lal & Co. (an independent correspondent firm of
Deloitte Touche Tohmatsu) were appointed as auditors of ON Energy for the
ensuing year. ON Energy's stock option plan reserving up to 10% of the issued
and outstanding shares of the company was also approved by ON Energy
CGX Energy also announces the granting of incentive stock options to purchase
6,775,000 common shares of the Company to existing and newly appointed
directors and officers of the Company, subject to regulatory approval. The
stock options were granted on August 19, 2013 pursuant to the Company's stock
option plan and are exercisable at a price of $0.69 per share, set to expire
on August 19, 2018.
About CGX Energy
CGX Energy is a Canadian-based oil and gas exploration company focused on the
exploration of oil in the Guyana-Suriname Basin.
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.
This press release contains forward-looking statements. Forward-looking
statements are frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", anticipate", "estimate", "may", "will",
"would", "potential", "proposed" and other similar words, or statements that
certain events or conditions "may" or "will" occur in the future. These
forward-looking statements are based on certain key expectations and
assumptions made by CGX. CGX believes the expectations and assumptions on
which it develops forward-looking statements are reasonable; however, undue
reliance should not be placed on forward-looking statements as there can be no
assurance they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks. In addition,
other risks that may affect the forward-looking statements in this press
release are outlined further in the Company's Annual Information Form dated
June 10, 2013 filed on SEDAR at www.sedar.com.
The forward-looking statements contained in this press release are made as of
the date hereof and CGX undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
SOURCE CGX Energy Inc.
Suresh Narine, Co-Chairman at (705) 933-8389 firstname.lastname@example.org Michael
Galego, General Counsel and Secretary at (416) 843-3858
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CO: CGX Energy Inc.
NI: 2575 WNEWS
-0- Aug/23/2013 22:14 GMT
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