Range Announces Additions to Board of Directors
June 02 2010 - 5:56PM
Marketwired Canada
Range Energy Resources Inc. (CNSX:RGO)(FRANKFURT:YGK) -
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.
Range Energy Resources Inc. ("Range" and the "Company") is very pleased to
announce the election of the board of directors at the Company's May 27, 2010
Annual General and Special Meeting, and the appointment of officers for the
upcoming year.
Donald R. Sheldon (Vancouver) was re-elected director and re-appointed Chief
Executive Officer; Norman Davidson Kelly (London, UK) was re-elected director
and re-appointed President; Garth Edgar (Vancouver) was elected director and
re-appointed Chief Financial Officer and Corporate Secretary; R. Brian Murray
(Toronto) was also re-elected director, and Roger Bethell (Calgary), Patrick de
Genevraye (Paris, France) and Ala Nuseibeh (Amman, Jordon) were elected
directors. See the Company's website for more details on their respective
backgrounds. The Company would like to thank outgoing director Peter Mueller for
his years of commitment and service building the Company.
Further to the Company's May 3, 2010 news release, Range also announces that the
Shareholder Rights Plan Agreement was ratified and approved by the shareholders
of the Company, and is in effect for 10 years from the Effective Date of April
27, 2010.
Range is also pleased to report that the seismic program on its Khalakan Block
is underway. A recent independent report commissioned by the Company stated that
the Khalakan Block's structures have the potential for the discovery of large
oil reserves due to its proximity to other recent discoveries in Kurdistan at
Taq Taq (Addax Petroleum / Sinopec) and Miran (Heritage Oil).
For further information on Range Energy Resources Inc. please visit the
Company's web site at www.rangeenergyresources.com.
On Behalf of the Board of Directors:
Donald R. Sheldon, Chief Executive Officer
This news release contains certain statements that may be deemed
"forward-looking statements". Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although Range believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of Range's management on the date the statements are made. Range
undertakes no obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should
change, except as required by law.
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