Galena Capital Announces Appointment of Michael Sweatman to Board of Directors and Oil and Gas Consultant
April 09 2010 - 9:30AM
Marketwired
Galena Capital Corp. (TSX VENTURE: FYI) In its pursuit of
sustainable cash flow, Galena is pleased to announce it has
retained Mr. Victor Barcot as an oil & gas consultant to assist
the Company in establishing and growing a crude oil development
business within North America. Mr. Barcot is an established oil and
gas consultant based in Houston, Texas with over 14 years of
experience in the oil and gas industry. Mr. Barcot has served as
advisor and consultant to several large, publically traded oil and
gas companies in North America and has completed over $8 billion in
oil and gas transactions over his career. Mr. Barcot previously
served as a Director of the Global Oil and Gas Investment Banking
Group of Macquarie Bank.
Additionally, Galena Capital is very pleased to welcome Mr.
Michael Sweatman to its board of directors. Mr. Sweatman is a
Chartered Accountant, a founder in November 1992 of MDS Management
Ltd., a consulting company,; and Principal of his own accounting
practice since January 1999. Mr. Sweatman currently serves as the
Chief Financial Officer of Marifil Mines Limited and VP Business
Development for Run Of River Power Inc. an independent power
producer and developer. He was previously CFO and President of the
Yukon Energy Corporation, a Yukon Crown Corporation and electric
utility. He currently is a director of several companies listed on
the TSX and TSX venture exchanges including since May 2006 a
Director and Audit Committee member of Brownstone Resources Inc
(BWN) and since January 2000 a Director and Audit Committee member
of Mega Uranium Inc. (MGA) among others. Mr. Sweatman obtained his
CA designation in 1982 and is a member of the Institutes of
Chartered Accountants of both British Columba and the Yukon
Territory. He obtained his Bachelor of Arts degree in Economics and
Commerce in 1982 from Simon Fraser University.
Effective April 9, 2010, the Board of Directors has approved a
grant of 2.29 million stock options to directors, officers and
consultants at an exercise price of $0.10 and with a term of five
years that will expire on April 9, 2015. These option grants are
subject to TSX Venture Exchange Approval.
"Many public companies announce consultants and newly appointed
directors and often these developments are overlooked. The addition
of Mr. Sweatman and Mr. Barcot to our Company is a significant step
for us. In one announcement today we have added two senior and
extremely qualified individuals in their respective fields. It is
time for Galena to move forward and position itself for future
growth," states Arni Johannson, Chairman.
ON BEHALF OF DIRECTORS OF GALENA CAPITAL CORP.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Galena Capital Corp. Arni Johannson Chairman and
Director (604) 683-7588 (604) 683-7589 (FAX)
Galena Capital Corp (TSXV:FYI)
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