Unitech Energy Announces New Director

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[{"type":"text","content":"\n\n\n\nCALGARY, Sept. 16 /CNW/ - Unitech Energy Resources Inc. ("Unitech")\n(TSXV: URX) is pleased to announce that Mr. James H. Ross has agreed to join\nthe Board of Directors of Unitech, subject to the approval of the TSX Venture\nExchange. Mr. Ross is the President, CEO & Founder of Dalriada Capital Corp.,\na private corporation engaged in a variety of investment activities, including\nPrivate Equity, Venture Capital, Asset Backed Lending, Leasing, etc. Mr. Ross\nreceived a Bachelor of Science (Honours) degree in Geography in 1978 from\nMcMaster University as well as Diploma of Business Administration in 1979 from\nWilfred Laurier University. Mr. Ross has 29 years of investment industry\nexperience. Prior to establishing Dalriada Capital Corp., Mr. Ross was a\nSenior Managing Director of Jennings Capital Inc., a Calgary based national\ninvestment dealer providing capital markets services to corporations,\ninstitutional investors and high net-worth individuals. Mr. Ross also is a\nmember of the Board of Directors of Platinum Communications Corporation, a TSX\nVenture listed company providing fixed and wireless internet service\nthroughout Alberta.\n\n\nPursuant to its stock option plan, Unitech has granted 100,000 common\nshare purchase options to Mr. Ross at an exercise price of $0.10 per share for\na five year term expiring on September 16, 2013. On September 12, 2008, the\nlast day that Unitech's common shares traded prior to the granting of the\nstock options, the closing price of Unitech's common shares on the TSX Venture\nExchange was $0.04 per share. The options, and any common shares issued upon\nexercise of the options, are subject to a four month hold period expiring\nJanuary 17, 2009\n\n\nAbout Unitech Energy Resources Inc.\n\n\nUnitech uses its proprietary image analysis and pattern recognition\nsystem, called Leadscan, for a 'first look advantage' that drives Unitech's\nexploration strategy. Please visit Unitech's website at www.leadscan.ca.\nShares of Unitech are listed for trading on the TSX Venture Exchange under the\nsymbol URX.\n\n\nExcept for statements of historical fact, this news release contains\ncertain "forward-looking information" within the meaning of applicable\nsecurities law. Forward-looking information is frequently characterized by\nwords such as "plan", "...

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