/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH
U.S. NEWSWIRES/
CALGARY, AB, June 24, 2021 /CNW/ - Highwood Oil Company Ltd
(TSXV: HOCL) ("Highwood" or the "Company") is pleased to provide
the below updates.
Independent Director Appointment
The Board of Directors is pleased to have appointed Mr.
Ryan Mooney to the Company's Board
of Directors as an Independent Director. Mr. Mooney brings
with him an extensive resume and experience in the energy sector
and capital markets, having worked in senior roles in industry,
research, institutional sales and investment banking. Mr.
Mooney is currently the Managing Director, Investment Banking for
Echelon Capital Markets in Calgary
with a focus on origination and execution of capital markets
transactions within energy and diversified industries across
Western Canada.
The Board of Directors believes that Mr. Mooney will be a
tremendous asset given the Company's previously announced
intentions to transition to an asset management entity. Mr.
Mooney's experience not only in the energy space, but in a
diversified suite of industries, positions him to be an excellent
collaborator to the Board of Directors and the Company's future
growth initiatives. Mr. Mooney holds both a P.Eng designation
with APEGA and a is a CFA Charterholder – he will serve as the
Chairman of the Company's Audit Committee.
Director Resignation
The Company is also announcing the resignation of Mr.
Arif Shivji from the Company's Board
of Directors as he pursues other opportunities. Highwood
wishes to thank Mr. Shivji for his contributions and years of
service to the Company and wish him well in his future
endeavours.
Warnings
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
This news release contains forward-looking statements
relating to the future operations of the Company and other
statements that are not historical facts. Forward-looking
statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the future plans and objectives of the Company, are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
include risks detailed from time to time in the filings made by the
Company with securities regulatory authorities.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company and certain of may be
found under the heading "Risk Factors" in the Company's AIF.
The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prove to
be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will update or
revise publicly any of the included forward-looking statements as
expressly required by Canadian securities law.
SOURCE Highwood Oil Company Ltd.
