Business
Tenth Avenue Petroleum Corp. Announcing New Management and Board, Closing of Swan Hill Unit Acquisition and Completion of Plan of Arrangement
CALGARY, AB / ACCESSWIRE / December 16, 2021 / Tenth Avenue Petroleum Corp. ("Tenth Avenue" ...
About this update from Decimus Oil Corp.
[{"type":"text","content":"Tenth Avenue Petroleum Corp. Announcing New Management and Board, Closing of Swan Hill Unit Acquisition and Completion of Plan of ArrangementCALGARY, AB / ACCESSWIRE / December 16, 2021 / Tenth Avenue Petroleum Corp. (\"Tenth Avenue\" or the \"Company\") (TSX:TPC) is pleased to announce it has completed a reorganization of the business, which provides, among other things; (i) the appointment of a new management (the \"New Management\"); and (ii) the reconstitution of the board of directors of Tenth Avenue (the \"New Board\"), (iii) the closing of the Plan of Arrangement (the \"Plan of Arrangement\") and, (iv) the completion of the acquisition of Swan Hills Unit (the \"SHU\") (the \"Acquisition\"), as further disclosed below and previously disclosed in the Press Release of the Company dated November 29, 2021.New Management & New Board of DirectorsThe New Management and New Board of Directors have an extensive track record of value creation in the North American Energy sector. The new team has extensive experience in mergers and acquisitions, corporate finance, capital markets and environmental, social and governance matters and includes the following individuals.Cameron MacDonaldPresident, Chief Executive Officer and DirectorMr. MacDonald brings over 15+ years of Capital Market public company experience as a founder and CEO of Macam Group of Companies specializing in Capital Markets, M&A, banking, financing management and operations. Mr. MacDonald is currently Chairman of Aurwest Resources Corp., President & CEO of Salida Energy Inc., Tendrel Group Inc., and serves as an investor and board member to several other business.Ron HozjanIndependent DirectorMr. Hozjan bringing over 30 years of oil and gas experience, with experience as a senior financial officer, primarily with publicly traded companies. Mr. Hozjan is a CPA who has successfully grown several energy companies from start-up to mid-cap size. His strengths are in capital markets, finance and accounting, mergers and acquisitions, internal controls and all other facets of public company reporting. Mr. Hozjan is currently the VP Finance & CFO Aureus Energy Services Inc., former VP Finance & CFO Tamarack Valley Energy Ltd. (TSX:TVE) , Director of Nova Cannabis Inc. (TSX:NOVA), Director of Carbeeza Inc. (TSXV:AUTO), Director of Target Capital Inc. (NEX:TCI.H...