Business
Saturn Oil & Gas Announces Board and Management Changes and Voting Results of AGM
Calgary, Alberta--(Newsfile Corp. - June 29, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: ...
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"Saturn Oil & Gas Announces Board and Management Changes and Voting Results of AGMCalgary, Alberta--(Newsfile Corp. - June 29, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) (\"Saturn\" or the \"Company\") is pleased to announce additions to Saturn's board of directors (the \"Board\") and management team, the voting results of its Annual General and Special Meeting of shareholders (the \"Meeting\") held on June 28, 2023, and the grant of equity-based compensation.Corporate Updates Board AdditionsSaturn is pleased to welcome two new directors to its board: S. Janet Yang and Andrew Claugus. Ms. Yang is Research Director, Energy and Mining at GMT Capital Corp. Prior to joining GMT Capital Corp., from 2018 to 2023, Ms. Yang was the Executive Vice President and Chief Financial Officer of W&T Offshore, Inc., a Texas based oil & gas exploration and production company traded on the New York Stock Exchange. Ms. Yang has extensive experience in finance and capital raising, and holds an MBA from the Booth School of Business at the University of Chicago, and a BA in Economics from Rice University.Mr. Claugus is an entrepreneur and independent businessman, with extensive experience in petroleum engineering. From 2014 to 2022, Mr. Claugus was the Engineering Manager for MECO IV, LLC, which, prior to its acquisition, was a private oil & gas exploration and production company based in Denver, Colorado. Following the sale, Mr. Claugus founded WhiteFin Resources, a privately backed oil and gas company investing in non-operated interests in core areas of established basins. Mr. Claugus holds a Master of Engineering in Petroleum Engineering from Colorado School of Mines, and a BsC in Chemical Engineering, from Case Western Reserve University.Management In addition, Saturn is pleased to announce that Grant MacKenzie will be joining Saturn's executive management team as Chief Legal Officer.Mr. MacKenzie joins us from Dentons Canada LLP, where he has been intimately involved with the Company during its transformational growth since 2021. Mr. MacKenzie was partner with Dentons and the Corporate co-lead of the Calgary office since 2018, and brings the experience of a 21 year legal career to the Company. Mr. MacKenzie has extensive experience dealing with public issuers, including with respect to capital markets, merg...