Standard Exploration Ltd. Appoints New Director, Issues Stock Options
Calgary, 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.
Mr. 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).
David has extensive experience with mergers, acquisitions, purchase investigations, restructuring and financial engineering.
David 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.
David 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.
The 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Standard Exploration Ltd.
Tom MacKay, CEO
Office: (403) 262-4450
www.standardexploration.com
The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the press release as a PDF file, please click on the following link:
http://www.usetdas.com/pr/standard07312013.pdf
Source: Standard Exploration Ltd. (TSX-V: SDE)
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