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News Releases
2010 May 31
Xemplar Grants Directors Options To Buy 550,000 Shares
Vancouver, British Columbia, Canada, May 31, 2010 - Xemplar Energy Corp. (the “Company”) has released the results of its annual and special shareholders meeting held in Vancouver, B.C., on May 26, 2010.
At the meeting, the shareholders of the Company re-elected the following individuals to the board of directors, Ronald Mitchell, William F. Harley III, Simon Tam, Gerard Pallotta, Mike Magrum and Dr. Mel de Quadros. All the members will serve the Company until the next annual general meeting of shareholders. Following the Company's AGM, a board of director's meeting took place wherein the following were re-elected as officers of the Company:
- Ronald Mitchell, Chairman of the Board;
- William F. Harley III, President;
- Simon Tam, Chief Executive Officer;
- Gerard Pallotta, Chief Financial Officer;
- Mike Magrum, Chief Operations Officer.
Incentive stock options
The Company has granted two directors incentive stock options to purchase up to a total of 550,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $1.15 per share.
On behalf of the Board of Directors,
Xemplar Energy Corp.
“Simon Tam”
Simon Tam, CEO and Director
Xemplar Energy Corp.
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
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 press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
Xemplar Energy Corp. seeks safe harbor.
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