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| | Mon Jan 4, 2010
Canadian Phoenix Announces New President & Ceo
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| | CANADIAN PHOENIX RESOURCES CORP. ("Canadian Phoenix" or the "Corporation") announces that, effective January 1, 2010, Mr. Michael Atkinson has been appointed President and Chief Executive Officer, replacing Mr. Robert Chenery, whose contract period as an interim officer expired on December 31, 2009. In addition, Ms Adeline Martin, currently the interim Chief Financial Officer, will also assume the role of Corporate Secretary effective January 1, 2010 as the contract term for Mr. D. Barry Lee expired on December 31, 2009.
A current member of the Company's board of directors, Mr. Atkinson has been instrumental in assisting the Corporation to secure credit and furthering the strategic alternative process as a member of the Special Committee of the Board of Directors. He has been a member of the Board of Directors of the Company since February 2009. He will be joined by certain other members of the Canadian Phoenix board of directors in taking a more active role in governing the Corporation through whatever direction the strategic process may take.
About Canadian Phoenix
Canadian Phoenix Resources Corp. is a publicly-traded junior oil and gas exploration, development and production company with operations in Western Canada. Canadian Phoenix's shares trade on the TSX Venture Exchange under the symbol "CPH".
For further information please contact:
Harry Knutson
Chairman of the Board
Phone: (403) 920-0040
Adeline Martin
Interim Chief Financial Officer
Phone: (403) 705-1192
FORWARD-LOOKING STATEMENTS: This news release may contain forward-looking information. All statements and information other than statements of historical fact are forward-looking information. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", or the negative of these terms or other comparable terminology. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of Canadian Phoenix, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Canadian Phoenix will derive therefrom. The forward-looking statements and information contained in this news release are made as of the date hereof and Canadian Phoenix undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the 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. |
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| | You can view the Next News Releases item: Fri Feb 26, 2010, Canadian Phoenix Announces New CFO
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