CALGARY, May 28, 2015 /CNW/ - Sterling Resources Ltd.
(TSX-V:SLG) ("Sterling" or the "Company") announces that the
following matters were approved by the shareholders at the annual
and special meeting ("AGM") held today in Calgary. An
archived version of Sterling's AGM can be accessed for the next
ninety days. To listen to the webcast of the AGM please go to
http://www.newswire.ca/en/webcast/detail/1505051/1677009.
The shareholders elected Eleanor
Barker, Robert Carter,
Jim Coleman, John Collenette, Teck
Soon Kong, Jacob Ulrich and
Gavin Wilson as directors of the
Company.
The shareholders approved the stock option plan of the Company
whereby a maximum of 10 percent of the issued common shares of the
Company may be reserved for issuance pursuant to the exercise of
options.
Sterling Resources is a Canadian-listed international oil and
gas company headquartered in Calgary,
Alberta with assets in the United
Kingdom, Romania,
the Netherlands and France. The common shares are listed and
posted for trading on the TSX-V under the symbol "SLG".
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this release.
Filer Profile No.
00002072
Forward-Looking Statements
All statements included in this news release that address
activities, events or developments that Sterling expects, believes
or anticipates will or may occur in the future are forward-looking
statements.
These forward-looking statements involve numerous assumptions
made by Sterling based on its experience, perception of historical
trends, current conditions, expected future developments and other
factors it believes are appropriate in the circumstances. In
addition, these statements involve substantial known and unknown
risks and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other-forward looking
statements will prove inaccurate, certain of which are beyond
Sterling's control, including: the impact of general economic
conditions in the areas in which Sterling operates, civil unrest,
industry conditions, changes in laws and regulations including the
adoption of new environmental laws and regulations and changes in
how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management,
fluctuations in commodity prices, foreign exchange or interest
rates, stock market volatility and obtaining required approvals of
regulatory authorities. In addition there are risks and
uncertainties associated with oil and gas operations. Readers
should also carefully consider the matters discussed under the
heading "Risk Factors" in the Company's Annual Information
Form.
Undue reliance should not be placed on these forward-looking
statements, as there can be no assurance that the plans, intentions
or expectations upon which they are based will occur.
Sterling's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these
forward-looking statements. These statements speak only as of
the date of the news release. Sterling does not intend and does not
assume any obligation to update these forward-looking statements
except as required by law.
SOURCE Sterling Resources Ltd.