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Standard Exploration Ltd. Appoints New Director, Issues Stock Options
Standard Exploration Ltd. Appoints New Director, Issues Stock Options Calgary, Alberta CANAD...
About this update from Southern Energy Corp.
[{"type":"text","content":"Standard Exploration Ltd. Appoints New Director, Issues Stock OptionsStandard Exploration Ltd. Appoints New Director, Issues Stock Options\nCalgary, Alberta CANADA, July 31, 2013 /FSC/ - Standard Exploration Ltd.  (SDE - TSX Venture), (the \"Corporation\") announces that effective July 29, 2013, David V. Richards has agreed, subject to regulatory approval, to act as a director of the Corporation until the next annual meeting or until a successor has been appointed.\nMr. Richards is a fellow of the Institute of Chartered Accountants and past partner of both PricewaterhouseCoopers and Arthur Andersen and Co. In his capacity as a senior partner with both PricewaterhouseCoopers and Andersen, David had responsibility for major accounts such as Unocal Canada, Texaco Canada, Methanex Corporation, Acetex Corporation and Maersk (a subsidiary of A.P. Moeller).\nDavid has extensive experience with mergers, acquisitions, purchase investigations, restructuring and financial engineering.\nDavid has served as a director of numerous companies including Boardwalk REIT, Alliance Atlantis Movie Distribution Income Fund, Parkbridge Lifestyle Communities Inc., InternetSecure Inc., Forte Resources Inc., Valiant Energy Inc., Bear Ridge Resources Inc., and Canada Fluorspar Inc. David has chaired Audit Committees, Compensation Committees, numerous Special Committees and has served as Board Chair and Lead Director. He currently serves as a director of Madison PetroGas Ltd. and Wilmington Capital Management Inc.\nDavid is a Past President of the Alberta Chamber of Commerce and a past Vice President of the Calgary Chamber of Commerce and over the years has served numerous community-minded charitable organizations.\nThe Corporation also announces that its Board of Directors has approved the granting of stock options to purchase 900,000 common shares of the Corporation to the Corporation's directors and officers, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.10 per share, vest as to one-third immediately, one-third after the first anniversary and one-third after the second anniversary and have a five year term from the date of issuance.\nFOR FURTHER INFORMATION PLEASE CONTACT:\nStandard Exploration Ltd.\nTom MacKay, CEO\nOffice: (403) 262-4450\nwww.standardexploration.com \nThe Corpora...