Terra Energy Corp. is pleased to announce the final director election results from its 2015 annual and special meeting of shareholders (AGM) held on June 16, 2015. A ballot was conducted with respect to the election of the directors to hold office until the next annual meeting of shareholders.
In addition to the election of directors, the Company wishes to announce the appointment of Mr. Brian A. Yaworski Q.C., as its new Chairman of the Board of Directors. Mr. Yaworski is a partner in the Calgary office of the international law firm of DLA Piper (Canada) LLP and has been a director of Terra Energy since May, 2010.
At a meeting of the Directors following the AGM the Board established a committee of independent directors to review and evaluate possible opportunities to enhance shareholder value including the sale of oil and gas properties, entering into strategic alliances, mergers, restructuring or recapitalization of the corporation.