/CNW/ - Vesta Capital Corp. (VES: TSX-V) (United
Hunter or the Corporation), is pleased to
announce that at the recently annual and special meeting of shareholders
the name change to United Hunter Oil & Gas Corp. was approved. Mr. Ernie
Pratt was also approved, subject to regulatory approval, as a new
director for the corporation. Arthur Halleran, Bradley Griffiths and
Daniel Bloch were re-elected as directors.
Mr. Ernie Pratt, P.Geol. has a B.Sc. and M.Sc. from the University of
Alberta in Geology and has over 38 years of experience in the petroleum
industry. Mr. Pratt has served as President for Lateral Development
Group Ltd. and Arakis Energy and as Vice President Exploration for Rocky
Mountain Energy, Rally Energy, Odyssey Petroleum and State Petroleum.
Internationally, during that time Mr. Pratt worked extensively in
Northern and Eastern Africa especially in Egypt for Rally Energy and in
Sudan where he focused the early exploration programs for Arakis Energy
resulting in the addition of 600 MM barrels of new proven reserves in
Sudan. Domestically, Mr. Pratt grew a new company to over 2000 boepd
using conventional and horizontal well technology. Earlier in his career
he spent 15 years with Petro Canada and 4 years with Chevron, in both
western Canada and overseas.
Additionally, the following individuals were granted options: Mr. Ernie
Pratt will be granted 350,000 options and Mr. Miles Nagamatsu, CA will
be granted 75,000 options. All option grants are subject to regulatory
approval and have an exercise price of$0.15 per common share based on
the highest closing price over the last 3 days of trading. The options
will expire five years from the date of grant and will vest 1/3 per year
for 3 years with the first 1/3 vesting upon grant. Mr. Nagamatsu will
provide high level financial accounting, support and advice to the
corporation.
Arthur Halleran, CEO of United Hunter is very pleased that Mr. Pratt has
joined the board of United Hunter as Mr. Pratt will be bringing very
strong geological technical experience to the corporation.
United Hunter Oil & Gas Corp. is a Canadian based corporation with
management very experienced in the oil and gas industry and has projects
in California. United Hunter Oil & Gas Corp. is publicly traded
on TSX Venture Exchange (TSX-V: VES). Additional information may be
found at www.vescapcorp.com and the Corporations public filings may be
found at www.sedar.com.
These filings are available for review at www.sedar.com.
Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially
from results suggested in any forward-looking statements. The
Corporation assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those reflected in the forward looking-statements unless and until
required by securities laws applicable to the Corporation. Additional
information identifying risks and uncertainties is contained in the
Corporations filings with the Canadian securities regulators, which
filings are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
