October 24, 2016 6:32 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Statesman Resources Ltd.

Company Overview

Statesman Resources Ltd. engages in the acquisition and exploration of petroleum and natural gas properties primarily in Africa. The company principally holds a 75% working interest in block 14 that covers an area of approximately 100,000 square kilometers located in the Republic of the Sudan. Statesman Resources Ltd. is headquartered in Vancouver, Canada.

675 West Hastings Street

Suite 715

Vancouver, BC V6B 1N2






Key Executives for Statesman Resources Ltd.

Chairman, Chief Executive Officer, President and Member of Audit Committee
Age: 52
Chief Financial Officer and Director
Technical Director, Director and Member of Audit Committee
Age: 53
Compensation as of Fiscal Year 2016.

Statesman Resources Ltd. Key Developments

Statesman Resources Ltd.’s Securities To Be Delisted From NEX

Effective at the close of business on May 19, 2016, and in accordance with NEX Policy, section 15, Statesman Resources Ltd.’s securities will be delisted from NEX, for failure to pay their quarterly NEX Listing Maintenance Fee.

Statesman Resources To Be Deleted From Other OTC

Statesman Resources Ltd.’s ordinary shares will be deleted from Other OTC, effective April 6, 2016. The deletion was due to inactive security.

Statesman Resources To Transfer Listing From TSX Venture Exchange To NEX

In accordance with TSX Venture Policy 2.5, Statesman Resources Ltd. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on June 22, 2015, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of June 22, 2015, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from SRR to SRR.H. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the Exchange Bulletin dated March 6, 2015, trading in the shares of the Company will remain suspended.

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