SPRING, Texas, Dec. 4, 2014 /PRNewswire/ -- True North Energy
Corp. (OTC: TNEN) ("True North") today announced the
appointment of an independent director to the board, Mr.
William M. Simmons, effective today.
Mr. Simmons has over thirty years experience in the oil and gas
industry, working on projects worldwide, specializing in
consulting, management and business development. In addition,
Mr. Simmons has worked as a writer, editor and investment analyst
for offshore oil and gas industry publishing and research
companies. Mr. Simmons holds a Bachelor of Science degree
from Texas A&M University and is
currently President of Loosbrock Offshore Consultants, Inc.
Mr. Gilbert Steedley, the
Company's CEO and director, said "We are pleased Mr. Simmons has
joined the board as an independent director. As a seasoned
oil and gas professional with extensive worldwide experience, Mr.
Simmons is a valuable addition to the Company as it continues
forward with its growth plan."
The Company received $50,000 in
new convertible note funding to be used for possible additional oil
and gas investments, if located, repayment of short term advances
and working capital requirements.
In addition, the Company has filed audited financial statements
for the years ended April 30, 2013
and April 30, 2014, which can be
found at OTCmarkets.com.
About True North Energy Corporation
Traditionally, True North Energy Corporation has been engaged in
the identification, acquisition and development of oil and gas
properties and holds overriding royalty interests on properties
located in Colorado and
Texas. True North is headquartered
in Spring, Texas with a
wholly-owned Hong Kong subsidiary.
For further information about True North, please visit
www.tnencorp.com.
This press release may contain forward-looking statements,
including information about management's view of True North's
future expectations, plans and prospects. In particular, when used
in the preceding discussion, the words "believes," "expects,"
"intends," "plans," "anticipates," or "may," and similar
conditional expressions are intended to identify forward-looking
statements. Any statements made in this news release, other than
those of historical fact, about an action, event or development,
are forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of True North, its divisions and concepts to be materially
different than those expressed or implied in such statements. The
forward-looking statements included in this press release are made
only as of the date hereof. True North cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, True North undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by True North.
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SOURCE True North Energy Corp.