|By Marketwired .||
|July 24, 2014 07:30 PM EDT||
DENVER, COLORADO and BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/24/14 -- The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE:SXE)(ASX:SXA) are pleased to announce the appointment of Mr. Dennis Nerland to the Company's Board of Directors.
Mr. Nerland has been a partner with the Calgary-based tax and business law firm Shea Nerland Calnan LLP since 1990 practicing in the areas of tax and trust law. Mr. Nerland is a current and past director of a number of private investment companies, a number of private operating companies and a number of public companies listed on the TSX Venture Exchange and the Toronto Stock Exchange. Mr. Nerland has a Bachelor of Laws from the University of Calgary, a Master of Arts (Economics) from Carleton University and a Bachelor of Science (Economics and Mathematics) from the University of Calgary. He is a member of the Law Society of Alberta, the Canadian Tax Foundation, the Calgary Bar Association, the Canadian Bar Association, and the Society of Trust and Estate Practitioners, achieving the TEP designation. Mr. Nerland has also completed the Directors Education Program, jointly developed by the Institute of Corporate Directors (ICD) and Rotman School of Management, and has earned his ICD.D designation. He also completed the Rotman Financial Literacy Program for Directors and Executives and received the designation of Queen's Counsel ("Q.C.") in Alberta in 2014.
The Company also announces the Mr. Nerland will become a member of the Company's Audit Committee. The Company's audit committee is now comprised of Mr. Don Romaniuk (Chairman), Mr. Dennis Nerland, and Mr. Don Schurman. All members are considered independent as defined under NI 52-110.
Strata-X is a Denver, Colorado (USA) based company and is engaged in the business of oil and gas exploration and development with a variety of exploration opportunities in North Dakota, California, Texas, Illinois and Western Australia and production and development opportunities in California. Strata-X has 146,288,969 common shares outstanding and trades under the symbol "SXE" on the TSX-V and "SXA" on the ASX.
This announcement was made in Canada for the TSX.V and in Australia for the ASX.
Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada) (www.sedar.com) and ASX.com.au (Australia).
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions is intended to identify forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See "Risks and Uncertainties" in the Company's Filing Statement dated August 30, 2011 available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither 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.