Pan African Oil Ltd. Announces Appointment of New CFO and Grant of Stock Options
24 7월 2013 - 5:25AM
Access Wire
Calgary, Canada, July 23, 2013
- Pan African Oil Ltd. (TSXV:PAO) ("PAO" or the
"Company") is pleased to announce that Dean Callaway, B.Comm., MBA,
CGA, has joined the PAO team as the new Chief Financial Officer
("CFO") and Corporate Secretary and will be based in the Calgary
corporate office. Mr. Callaway has over 24 years of experience of
which the last 10 have been in senior management positions in both
private and public, junior international oil and gas exploration
companies. Most recently Dean was CFO and Vice President Finance at
Gallic Energy Ltd. (acquired by Petromanas
Energy Inc.), and prior to that, TG World
Energy Corp. (acquired by TVI Pacific Inc.)
where he was CFO and Corporate Secretary.
The Company also
announces that it has granted options to
directors, officers, an employee and a consultant of the Company.
Of the 2.32 million options granted, a total of 1.96 million
options were granted to directors and officers of the Company. Each
option has an exercise price of $0.15 per share and
is exercisable for a period of five years from the date of grant.
The options vest over two years as follows: 1/3 on the grant date;
1/3 on the first anniversary of the grant date; and 1/3 on the
second anniversary of the grant date.
For further information, please contact:
Pan African Oil Ltd.
Gary Wine
Phone: 1(587)353-2205
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Pan African Oil Ltd (TSXV:PAO)
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