Vancouver, BC / ACCESSIRE / August 7 2014 / CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS") is pleased to announce the appointment of Mr. Jay Roberge to the Board of Directors effective Aug 6th, 2014.
Mr. Roberge has nearly 20 years of business and public company experience, having served in several executive management and board positions with various private and public companies. In these roles he has provided management, strategic consulting, M&A advisory and financing services to early stage companies in the energy, resource and tech sectors. Mr. Roberge is currently a Director of Equitas Resources Corp. a junior exploration company, focused on copper/gold exploration for Zijin Mining Group - China's largest gold producer - and Red Oak Mining Corp. He is also an Associate Partner to Zimtu Capital Corp., which generates and originates exploration opportunities and has a portfolio of over fifty publicly listed companies in the resource sector. Mr. Roberge will join the board of directors of the Company as an independent director, and will assist with the identification of suitable resource project opportunities and financing for the continued growth of the company.
The current board of directors will remain the same and continue to be led by experienced oil and gas executives. Mr. Roberge's appointment as a Director is subject to TSX Venture Exchange approval.
The Company's financing announced on June 12, 2014 for 6 million units at $0.05 is fully subscribed and is being submitted to the TSX Venture Exchange for approval.
The Company wishes to announce that it has granted 2,400,000 common shares pursuant to incentive stock options under the Company's Rolling Stock Option Plan, this Plan received shareholder approval at its last Annual General Meeting held June 27, 2014. The options granted will be set for a five year period expiring August 6, 2019 at the exercise price of $0.08 per share. This transaction is subject to TSX Venture Exchange approval.
Further to our July 15, 2014 news release, pre-drilling site preparation is underway at the location in Runnels County, Texas. As drilling commences at this location Cardiff will provide updated progress and results. The drilling rig contracted for this well is currently drilling at another site, it will move to our location after it is released from its current drilling contract.
About the Company
Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com
For additional information contact:
Jack Bal, President
Cardiff Energy Corp
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
SOURCE: CARDIFF ENERGY CORP.