Zedcor Energy Inc. Announces Appointment of Chairman of the Board, Election of New Directors; and Stock Option Grant

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Zedcor Energy Inc. Announces Appointment of Chairman of the Board, Election of New Directors; and Stock Option Grant

Canada NewsWire

CALGARY, June 19, 2018 /CNW/ - Zedcor Energy Inc. (the "Company" or "Zedcor") (TSX VENTURE: ZDC) announced today that Mr. Dean Swanberg has been appointed Chairman of the Board of Directors, in addition to his position as Interim Chief Executive Officer of Zedcor.

Zedcor Energy Inc. (CNW Group/Zedcor Energy Inc.)

The Company wishes to thank Mr. Brad Munro for his valuable contributions to the Board of Directors since August 2014.

The Company is pleased to announce the election of Mr. Brian McGill and Mr. Bob Petryk to the Company's Board of Directors at the Annual and Special Meeting of Shareholders held today.

Mr. McGill has been a Partner at Stawowski McGill since 2009 and with the firm since 2000. Prior thereto, Mr. McGill was the Chief Financial Officer of a private group of oil services companies from 1993 to 2000, which was built up then sold to a large Canadian drilling contractor. Mr. McGill is a CPA, CA and has over 30 years of practical experience in corporate growth, acquisition strategies, and financial management of local and foreign subsidiaries in the US, South America, and the Caribbean. Mr. McGill is also a part time instructor of business finance at the University of Calgary.

Mr. Petryk is an engineering professional with 40 years of technical, operational and managerial experience in the oil and gas industry in Canada and abroad. Since 2010 he has provided operations management consultancy services for various junior oil and gas companies active domestically and internationally. Prior thereto Mr Petryk held senior management positions in the upstream E&P sector, with junior oil and gas companies including Petrorep Canada Ltd., Redwood Energy Ltd. and Bankers Petroleum Ltd., as well as in the oilfield service sector with Fracmaster Ltd. He has served as a director on five public company boards, four of which were in the oil and gas industry. Mr. Petryk holds a Bachelor of Science in Mineral Engineering, Petroleum Specialization from the University of Alberta and is a retired member of APEGA.

The Company also announced today that options to purchase 225,000 common shares of the Company were granted to non-management directors of the Company, with an exercise price of $0.25 per share. The options have been granted pursuant to the Company's 10% rolling stock option plan and will expire five years from the date of grant. All of the options will vest as to one third thereof on each of the first, second and third anniversaries of the date of grant

About Zedcor Energy Inc.

Zedcor Energy Inc. is a Canadian public corporation and parent company to Zedcor Energy Services Corp. ("Zedcor Corp."). Zedcor Corp. is engaged in the rental of surface equipment and accommodations and providing security and surveillance services in Western Canada. The Company trades on the TSX Venture Exchange under the symbol "ZDC".

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.

SOURCE Zedcor Energy Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/19/c5950.html

Copyright CNW Group 2018

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