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Arrow Exploration Corp. Confirms Appointment of Bruce McDonald as President & CEO, Appointment of a New Board Chair, Director Resignation and Issuance of Stock Options
Arrow Exploration Corp. Confirms Appointment of Bruce McDonald as President & CEO, App...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"\n\n\n\nArrow Exploration Corp. Confirms Appointment of Bruce McDonald as President & CEO, Appointment of a New Board Chair, Director Resignation and Issuance of Stock Options\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nArrow Exploration Corp. Confirms Appointment of Bruce McDonald as President & CEO, Appointment of a New Board Chair, Director Resignation and Issuance of Stock Options\nCanada NewsWire\nCALGARY, May 3, 2019\n\n\n\nCALGARY, May 3, 2019 /CNW/ - ARROW Exploration Corp. (\"Arrow\" or the \"Company:\") (TSXV: AXL), is pleased to announce that this afternoon Mr. Bruce McDonald accepted the permanent appointment as Arrow's President & Chief Executive Officer, and existing independent director, Mr. Dominic Dacosta, accepted the appointment as Chairman of Arrow's Board of Directors (the \"Board\"), both appointments effective immediately.\nThe Company previously announced on April 30, 2019 that in contemplation of the upcoming retirement of Mr. Gary Wine, the Board accepted Mr. Wine's resignation as Arrow's President & Chief Executive Officer effective May 1, 2019, and at that time appointed Mr. McDonald as interim President & Chief Executive Officer. Earlier today, Mr. Wine also tendered his resignation from the Board, which was accepted effective immediately. The Board continues to evaluate candidates and anticipates appointing a new independent director in the near future.\nThe Board is pleased to confirm that Mr. McDonald has accepted its request to lead the Company as permanent President & Chief Executive Officer and to relinquish his current role as Executive Chairman.\nIn addition to the appointment of Mr. Dacosta as Board Chair, Mr. Dacosta has also been appointed to the Company's Audit Committee in place of Mr. McDonald, who today stepped down from that role in conjunction with his appointment as President and CEO, and Mr. James McFarland has been appointed today to sit on the Company's Reserves Committee in place of Mr. Wine, who has resigned.\nIn addition, Arrow also announces the issuance this afternoon of a total of 1,...