|By Marketwired .||
|July 3, 2014 04:24 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/03/14 -- United Hunter Oil and Gas Corp. (TSX VENTURE:UHO) ("UHO"). United Hunter Oil and Gas Corp. (the "Company"), announces that the four director nominees listed in the Company's management information circular dated May 26, 2014 were elected at the annual general meeting of shareholders held June 30, 2014; Timothy J. Turner, Edward Banaszek, Christian Shomber and Jeff Ratcliffe. The Company welcomes Edward Banaszek to the board of directors as a new addition; Mr. Banaszek's brings 33 years of experience in domestic and international oil and gas industry to the Company and will be a great asset as the Company continues to develop its prospects.
Shareholders also appointed Saturna Group Chartered Accountants LLP as the new auditor of the Company and re-approved the Company's Stock Option Plan.
In addition, shareholders also approved the consolidation of the Company's common shares on the basis of 1 new common share for 10 old common shares. As a result of consolidation total shares outstanding will be reduced from 120,302,727 to 12,030,277. Management believes implementing the consolidation will facilitate raising capital for operations and working capital. The consolidation is subject to TSX Venture Exchange approval.
Additional details will be provided in a Report of Voting Results to be filed on SEDAR.
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas industry with projects in the United States. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX VENTURE:UHO). The Corporation's public filings may be found at www.sedar.com.
Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
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.