Business
True North Energy Corp. appoints interim CEO, and enters into collaboration relationship with oil industry expert for an entry level investment in Eddy, Lea and Chaves Counties, New Mexico
True North Energy Corp. appoints interim CEO, and enters into collaboration relationship with oil industry expert for an entry level investment in Eddy, Lea and Chaves Counties, New Mexico.
About this update from True North Energy Corp.
[{"type":"text","content":"\n\n\n\nTrue North Energy Corp. appoints interim CEO, and enters into collaboration relationship with oil industry expert for an entry level investment in Eddy, Lea and Chaves Counties, New Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\nTrue North Energy Corp. appoints interim CEO, and enters into collaboration relationship with oil industry expert for an entry level investment in Eddy, Lea and Chaves Counties, New Mexico\nPR Newswire\nSPRING, Texas, Nov. 21, 2013\n\n\n\n\n\n\n\nSPRING, Texas, Nov. 21, 2013 /PRNewswire/ -- True North Energy Corp. (OTC Pink: TNEN)(\"True North\") today announced that effective June 28, 2013, a change of control of the company occurred as Gilbert Steedley obtained majority voting control over the company and was appointed as Interim Chief Executive Officer (CEO) and sole director.\n\nMr. Steedley has over twenty years of business development, industry research, and corporate finance experience across a diverse range of industries, including, and at the forefront, the energy industry.   He is the founder of a company, which provides small cap public/private companies with capital market intelligence as well as a private investor in turnaround opportunities.  Mr. Steedley received a Bachelor of Science in Finance degree from Mercy College and a Master of Business Administration degree from Delaware State University.\n\nMr. Steedley's top priority is to create shareholder value for True North's 12,000 investors from over forty countries around the world, second, assemble a world class team in oil and gas, third, restructure True North's balance sheet by extinguishing liabilities to achieve a favorable debt to asset ratio and fourth, direct the company to pursue strategic acquisitions with the goal of generating positive revenue with corresponding fund raising efforts. Joint ventures and strategic partnerships are key elements to the True North growth plan.\n\nMr. Steedley will remain interim CEO until the right CEO is identified. Mr. Steedley intends to remain a director even after relinquishing the CEO positio...