Christopher Hopkins Resigns from Oilsands Quest Board of Directors
April 19 2012 - 8:00AM
PR Newswire (Canada)
NYSE Amex: BQI CALGARY, April 19, 2012 /CNW/ - Oilsands Quest Inc.
("Oilsands Quest," or "the Company") announces that Christopher
Hopkins has elected to resign from the Oilsands Quest Board of
Directors for personal reasons. "As the founder of Oilsands Quest
and our chief executive officer for several years, Mr. Hopkins had
an indelible impact on the Company," said Ron Blakely, Chairman of
the Oilsands Quest Board of Directors. "He remains a major
shareholder who is keenly interested in the future of Oilsands
Quest. We thank him for his years of service and wish him well."
About Oilsands Quest Oilsands Quest Inc. (www.oilsandsquest.com) is
exploring and developing oil sands permits and licences, located in
Saskatchewan and Alberta, and developing Saskatchewan's first
commercial oil sands discovery. Forward-looking statements This
news release includes certain statements that may be deemed to be
"forward-looking statements." All statements, other than statements
of historical facts, included in this news release that address
activities, events or developments that management expects,
believes or anticipates will or may occur in the future are
forward-looking statements. Forward-looking statements are
statements other than relating to historical fact and are
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate",
"potential", "prospective" and other similar words or statements
that certain events or conditions "may" "will" or "could" occur.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those anticipated in the forward-looking statements, which include
but are not limited to the ability to raise additional capital,
risks associated with the Company's ability to implement its
business plan, its ability to successfully complete the previously
announced solicitation process while under creditor protection, its
ability to submit a timely plan to its stakeholders and the court
under the CCAA and to resolve its operational, legal and financial
difficulties, the possible delisting of its securities from NYSE
Amex, risks inherent in the oil sands industry, regulatory and
economic risks, land tenure risks and those factors listed under
the caption "Risk Factors" in the Company's Form 10-Q filed with
the Securities and Exchange Commission on March 8, 2012. The
Company undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions
should change, except as required by law. The reader is cautioned
not to place undue reliance on forward-looking statements. Oilsands
Quest Inc. CONTACT: Investor RelationsEmail:
ir@oilsandsquest.comInvestor Line: 1-877-718-8941
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