Galena Capital Announces Appointment of Michael Sweatman to Board of Directors and Oil and Gas Consultant
marketwire
Press Release Source: Galena Capital Corp. On Friday April 9, 2010, 9:30 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2010) - Galena Capital Corp. (TSX VENTURE:FYI - News) In its pursuit of sustainable cash flow, Galena is pleased to announce it has retained Mr. Victor Barcot as an oil & gas consultant to assist the Company in establishing and growing a crude oil development business within North America. Mr. Barcot is an established oil and gas consultant based in Houston, Texas with over 14 years of experience in the oil and gas industry.
Mr. Barcot has served as advisor and consultant to several large, publically traded oil and gas companies in North America and has completed over $8 billion in oil and gas transactions over his career. Mr. Barcot previously served as a Director of the Global Oil and Gas Investment Banking Group of Macquarie Bank.
Additionally, Galena Capital is very pleased to welcome Mr. Michael Sweatman to its board of directors. Mr. Sweatman is a Chartered Accountant, a founder in November 1992 of MDS Management Ltd., a consulting company,; and Principal of his own accounting practice since January 1999. Mr. Sweatman currently serves as the Chief Financial Officer of Marifil Mines Limited and VP Business Development for Run Of River Power Inc. an independent power producer and developer. He was previously CFO and President of the Yukon Energy Corporation, a Yukon Crown Corporation and electric utility. He currently is a director of several companies listed on the TSX and TSX venture exchanges including since May 2006 a Director and Audit Committee member of Brownstone Resources Inc (BWN) and since January 2000 a Director and Audit Committee member of Mega Uranium Inc. (MGA) among others. Mr. Sweatman obtained his CA designation in 1982 and is a member of the Institutes of Chartered Accountants of both British Columba and the Yukon Territory. He obtained his Bachelor of Arts degree in Economics and Commerce in 1982 from Simon Fraser University.
Effective April 9, 2010, the Board of Directors has approved a grant of 2.29 million stock options to directors, officers and consultants at an exercise price of $0.10 and with a term of five years that will expire on April 9, 2015. These option grants are subject to TSX Venture Exchange Approval.
"Many public companies announce consultants and newly appointed directors and often these developments are overlooked. The addition of Mr. Sweatman and Mr. Barcot to our Company is a significant step for us. In one announcement today we have added two senior and extremely qualified individuals in their respective fields. It is time for Galena to move forward and position itself for future growth," states Arni Johannson, Chairman.
ON BEHALF OF DIRECTORS OF GALENA CAPITAL CORP.
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.
Contact:
Arni Johannson
Galena Capital Corp.
Chairman and Director
(604) 683-7588
(604) 683-7589 (FAX)
