CALGARY, May 2, 2016 /CNW/ - Petromanas Energy Inc.
("Petromanas" or the "Company") (TSXV: PMI) today announced the
planned termination of Glenn
McNamara as Chief Executive Officer (CEO) and Bill Cummins as Chief Financial Officer (CFO),
effective immediately. The departures are timed to coincide with
the previously announced sale and wind down of the Company's
operated activities in Albania.
"I want to sincerely thank Mr. McNamara and Mr. Cummins on
behalf of the board for their leadership and dedication to
Petromanas over the past five and a half years," said Verne
Johnson, Chairman of the Board of Directors of Petromanas. "We wish
Glenn and Bill every success in the future."
Mr. Verne Johnson, Chairman of the Board, will assume the duties
of the CEO until the Albania funds
are distributed to shareholders later in May, 2016 and a permanent
successor is appointed.
Mr. Cummins will stay on as part time CFO until the first
quarter 2016 financial statements are completed and a permanent
successor is appointed.
About Petromanas Energy Inc.
Petromanas Energy Inc. is an international oil and gas company
with exploration assets in France,
including two exploration licenses (Ger and Ledeiux) totalling
169,790 net acres located in the gas-producing Acquitaine
Basin.
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.
SOURCE Petromanas Energy Inc.