Kodiak Energy, Inc.- Change in Director and Update to Annual Meeting of Shareholders
September 05 2008 - 6:06PM
Marketwired
Kodiak Energy, Inc. (TSX VENTURE: KDK) (OTCBB: KDKN) ("Kodiak" or
the "Corporation"), announces that Mr. Mark Hlady will not be
standing for re-election as a director at the Corporation's
upcoming annual meeting of shareholders. Mr. Hlady has chosen to
focus on his other business interests. Mr. Bill Tighe, Director,
President and Acting Chief Executive Officer, will assume the
position of Chairman upon re-election to the Board.
"Mr. Hlady's support and stewardship of Kodiak over the past
years were critical and invaluable", said Mr. Bill Tighe, President
and Acting Chief Executive Officer. Mr. Tighe added, "The
Corporation would like to express its appreciation to Mr. Hlady for
his hard work and dedication, and wish him well in his future
endeavors."
The date for Kodiak's annual meeting of shareholders will be
announced in the next few weeks. The Corporation is currently
working towards presenting a director nominee to replace Mr. Hlady
and the nominee to be disclosed in the proxy statement. Even though
the Corporation's proxy information is in compliance with United
States disclosure and regulatory requirements, the Corporation's
listing on the Toronto Venture Exchange within this past year
called for the proxy information to also be in compliance with
Canadian regulatory requirements. Furthermore, Kodiak's accelerated
filer status with the United States Securities and Exchange
Commission required additional disclosure in the proxy. Kodiak is
in process of ensuring that the proxy information satisfies both
Canadian and United States disclosure requirements prior to setting
a meeting date.
About Kodiak
Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly
traded oil and gas exploration and development company focused on
creating a portfolio of North American assets that offer production
opportunities and asset growth through exploration. Kodiak has
lease holdings in Montana, southeastern Alberta, northeastern
Alberta and high impact prospects located in the central Mackenzie
River Valley of the Northwest Territories, Canada and in
northeastern New Mexico as well as a proposed acquisition of Brink
Energy via plan of arrangement for properties in southwestern
Manitoba, which will provide immediate cash flow to support ongoing
development activities.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words or phrases "would be," "will" "intends to," "will likely
result," "are expected to," "will continue," "is anticipated,"
"estimate," or similar expressions are intended to identify
"forward-looking statements." The Corporation's business is subject
to various other risks, which are discussed in the Corporation's
filings with the US Securities and Exchange Commission and with
Canadian securities commissions. The Corporation's filings may be
accessed at www.sec.gov or at www.sedar.com.
Statements made herein are as of the date of this press release
and should not be relied upon as of any subsequent date. The
Corporation cautions readers not to place reliance on such
statements. Unless otherwise required by applicable law, we do not
undertake, and we specifically disclaim any obligation, to update
any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date
of such a statement.
Further information relating to Kodiak may be found on
www.sedar.com and www.sec.gov under the Company's profile as well
as on Kodiak's website at www.kodiakpetroleum.com.
The TSX Venture Exchange has not reviewed this news release and
does not accept responsibility for the adequacy or accuracy of this
release.
Contacts: Kodiak Energy, Inc. William Tighe President &
Acting Chief Executive Officer (403) 262-8044 Email:
info@kodiakpetroleum.com Website: www.kodiakpetroleum.com
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