UNIVERSAL POWER ANNOUNCES 2010 ANNUAL AND SPECIAL MEETING RESULTS
September 13 2010 - 7:00AM
PR Newswire (Canada)
CALGARY, Sept. 13 /CNW/ -- CALGARY, Sept. 13 /CNW/ - Universal
Power Corp. (TSX-V: UNX) ("Universal" or the "Company") held its
Annual and Special Meeting of Shareholders (the "Meeting") in
Calgary, Alberta on Wednesday, September 8, 2010. All resolutions
set out in the Notice of Meeting were duly passed. Among the
business of the Meeting, shareholders approved a special resolution
to amend the articles of the Company and change the name of the
Company from "Universal Power Corp." to "UNX Energy Corp." and to
continue the Company from British Columbia to Alberta. The change
of the Company's name and the continuance of the Company into
Alberta are expected to occur in the middle of September, subject
to regulatory approval. "With our new name and branding, we more
clearly represent an upstream oil and gas company," said Gabriel
Ollivier, President & CEO of Universal Power Corp. "We believe
that the name UNX Energy Corp. is a more accurate reflection of our
business and will become synonymous with Namibia's burgeoning oil
and gas industry as we help unlock the country's significant
exploration and development potential." About Universal Power Corp.
Universal Power Corp. is an oil and gas company focused on building
a portfolio of high impact exploration targets in offshore Namibia,
Africa. The Company has approximately 52,000 gross square
kilometers of Namibian offshore concessions along the prolific
South Atlantic Margin. The Company has a newly expanded managerial
and technical team supported by strong Namibian partnerships, and
is thus well positioned to make a significant contribution to the
exploration and development of Namibia's offshore oil and gas
concessions. On Behalf of the Board of Directors of Universal Power
Corp. Duane Parnham Chairman For further information visit our
website at www.universalpowercorp.com Sedar Profile No. 00016276
Forward Looking Information --------------------------- This news
release contains certain forward-looking statements that reflect
the current views and/or expectations of Universal Power Corp. with
respect to its performance, business and future events. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, those relating to
changes in the market, potential downturns in economic conditions,
foreign exchange fluctuations, changes in business strategy,
regulatory requirements, demand for our resources, competition and
dependence on key personnel. These risks, as well as others, could
cause actual results and events to vary significantly. Universal
Power Corp. does not undertake any obligations to release publicly
any revisions for updating any voluntary forward-looking
statements. 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. Maria Elliott, VP Finance & CFO,
Telephone: (403) 984 6430, Email: maria.elliott@unxenergy.com;
David Feick, Investor Relations, Telephone: (403) 218 2839, Email:
dfeick@equicomgroup.com; Heidi Christensen Brown, Investor
Relations Telephone: (403) 218 2833, Email:
hchristensenbrown@equicomgroup.com
Copyright
Unx Energy Corp Com (TSXV:UNX)
Historical Stock Chart
From May 2024 to Jun 2024
Unx Energy Corp Com (TSXV:UNX)
Historical Stock Chart
From Jun 2023 to Jun 2024