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

 Bankers Petroleum Announces Continuance into Alberta and Amendments to Bylaw  No. 1  2013 Financial Results To Be Released March 13, 2014  CALGARY, March 10, 2014 /CNW/ - 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.  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  Email:investorrelations@bankerspetroleum.com  Website:www.bankerspetroleum.com  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  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/March2014/10/c4176.html  CO: Bankers Petroleum Ltd. ST: Alberta NI: OIL FIN