Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw No. 1

 Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw                                     No. 1  PR Newswire  CALGARY, March 10, 2014  2013 Financial Results To Be Released March 13, 2014  CALGARY, March 10, 2014 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) today announced that it has finalized its corporate registration into the Province of Alberta from the Province of British Columbia pursuant to the Business Corporations Act (Alberta). The continuance into Alberta was approved at the annual general and special meeting of the Company's shareholders held on May 21, 2013 (the "Meeting").  The continuance  was effected  to align  the Company's  registration with  the  location of  its head  office,  Directors and  Officers  and to  position  the  Company to  issue, on  a tax  effective basis,  stock based  dividends in  the  future should it choose to do so.  In addition, Bankers also announced that  its Board of Directors has  approved  and adopted amendments to By-Law No. 1, which was adopted by the Company  upon  its continuance into Alberta. As disclosed in the Company's press release  on  May 13, 2013, the Company's Board agreed  to amend By-Law No. 1 following  the  continuance  based  on  feedback  the  Company  received  from  some  of   its  shareholders and certain proxy advisory firms.  By-Law No.  1  now provides  that  a quorum  at  a meeting  of  the  Company's  shareholders will be  present if  two persons  holding not  less than  fifteen  percent (15%) of the shares entitled to vote thereat are present in person  or  represented by proxy. The  Company believes this  quorum threshold is  higher  than the shareholder  quorum thresholds  established by  its peers  and is  in  keeping with good corporate governance practices.  By-Law No. 1 now also provides that the Company's Board of Directors may waive any requirement under the advance notice  provisions of By-Law No. 1  relating  to the  nomination  of candidates  for  election  to the  Company's  Board  of  Directors. The Company believes this  will afford the Board more  flexibility  in responding to  Director nominations,  but will  not obligate  the Board  to  waive any notice requirements where the Board does not consider it prudent  to  do so.  These amendments take effect immediately. The Company's shareholders will be asked to confirm these amendments to By-Law No. 1 at the next shareholders' meeting.  Please note that none of the  foregoing should be construed as any  indication  that the Company will issue stock based dividends in the future or at all.  2013 Financial Results Release Date  Bankers Petroleum Ltd. is scheduled to release its 2013 Financial Results on Thursday, March 13, 2014 at 5:00 am MDT (7:00 am EDT, 12:00 pm GMT).  About Bankers Petroleum Ltd.  Bankers Petroleum  Ltd.  is  a  Canadian-based oil  and  gas  exploration  and  production company  focused on  developing  large oil  and gas  reserves.  In  Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield,  has  a 100%  interest  in the  Kuçova  oilfield, and  a  100%  interest in Exploration Block "F". Bankers' shares are traded on the  Toronto  Stock Exchange and the  AIM Market in London,  England under the stock  symbol  BNK.  SOURCE Bankers Petroleum Ltd.  Contact:  David French President and Chief Executive Officer (403) 513-6930  Doug Urch Executive VP, Finance and Chief Financial Officer (403) 513-2691  Laura Bechtel Investor Relations Analyst (403) 513-3428  AIM NOMAD: Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000  AIM BROKER: FirstEnergy Capital LLP Hugh Sanderson / David van Erp +44 0 207 448 0200  
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