VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2012) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum is pleased to announce the appointment of Kelly D. Kerr as the Chief Financial Officer of Magnum. Mr Kerr will be filling the position of Chief Financial Officer upon the resignation of Ms. Shannon Matthyssen effective November 30, 2012.
Mr. Kerr brings more than 28 years of experience working with various public and private oil and gas exploration, oil and gas service and electrical energy companies. It is anticipated that Mr. Kerr will be a valuable addition to Magnum's management team. His recent involvements have been as Vice President Finance & CFO with Innova Exploration Inc., TriQuest Energy Inc., MegaWest Energy Inc., Action Energy Inc. and Almont Energy Inc. In each of these engagements, Mr. Kerr was responsible for all financial reporting and financial management activities and he worked closely with the CEOs of each organization in raising both equity and debt funding for capital and operating programs and in investor relations management. In connection with is appointment, Mr. Kerr will receive options to purchase 350,000 common shares of Magnum at a price of $0.10 per share for a period of five years.
The Board and management of Magnum wish Ms. Matthyssen every continued success in her new endeavours and thank her for her dedication, tremendous service and contribution to Magnum as Vice President, Finance and Chief Financial Officer for the past 41/2 years. Richard Nemeth, President & CEO of Magnum stated: "Shannon's assistance during the transition period to the new CFO has been exemplary, and I am personally grateful to her."
About Magnum Energy Inc.
Magnum is a junior oil and gas producer with operations located in the Western Canadian Sedimentary Basin. The Corporation produces from Viking light oil operations in Alberta, gas operations in Alberta and maintains a 100% ownership of the Sedalia gas facility in East-Central Alberta.
Neither 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.
Magnum Energy Inc.
President & CEO
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here