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CGX Energy Inc. - Annual & Special Meeting Results of ON Energy Inc.
(TSX-V | OYL) TORONTO , Aug. 23, 2013 /CNW/ - CGX Energy Inc.'s (TSXV: OYL) subsid...
About this update from Cgx Energy Inc.
[{"type":"text","content":"\n\n\n(TSX-V | OYL)\n\n\nTORONTO, Aug. 23, 2013 /CNW/ - CGX Energy Inc.'s (TSXV: OYL) subsidiary,\n ON Energy Inc., a corporation incorporated in Guyana and in which CGX\n Energy holds a 62% equity interest, held its annual and special meeting\n of shareholders on August 21, 2013. Dr. Suresh Narine, Mr. Dewi Jones,\n Ms. Tralisa Maraj, Mr. Michael Galego, Mr. Edward Beharry and Mr. John\n Lewis, the six nominees proposed as directors and listed in ON Energy's\n management information circular dated July 26, 2013 were elected as\n directors.  ON Energy's audited financial statements for the fiscal\n year ended December 31, 2012 were approved and TSD Lal & Co. (an\n independent correspondent firm of Deloitte Touche Tohmatsu) were\n appointed as auditors of ON Energy for the ensuing year. ON Energy's\n stock option plan reserving up to 10% of the issued and outstanding\n shares of the company was also approved by ON Energy shareholders. \n\n\nCGX Energy also announces the granting of incentive stock options to\n purchase 6,775,000 common shares of the Company to existing and newly\n appointed directors and officers of the Company, subject to regulatory\n approval. The stock options were granted on August 19, 2013 pursuant to\n the Company's stock option plan and are exercisable at a price of $0.69\n per share, set to expire on August 19, 2018.\n\n\nAbout CGX Energy \n\n\nCGX Energy is a Canadian-based oil and gas exploration company focused\n on the exploration of oil in the Guyana-Suriname Basin.\n\n\nNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER\n (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)\n ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nForward-Looking Statements: \nThis press release contains forward-looking statements. Forward-looking\n statements are frequently characterized by words such as \"plan\",\n \"expect\", \"project\", \"intend\", \"believe\", anticipate\", \"estimate\",\n \"may\", \"will\", \"would\", \"potential\", \"proposed\" and other similar\n words, or statements that certain events or conditions \"may\" or \"will\"\n occur in the future. These forward-looking statements are based on\n certain key expectations and assumptions made by CGX. CGX believes the\n expectations and assumptions on which it de...