Centric Energy Corp.
TSX VENTURE : CTE

Centric Energy Corp.

September 28, 2009 09:30 ET

Centric Energy-Board Appointments

LONDON, ENGLAND--(Marketwire - Sept. 28, 2009) - Centric Energy Corp. (TSX VENTURE:CTE) wishes to announce the appointment of Anthony Dutton, Simon Anderson and Nicolas Davidoff to its Board of Directors and the appointment of Darren Devine, a current Director, as its Chairman.

Anthony Dutton is currently President, CEO and a Director of IBC Advanced Alloys Corp. (TSX VENTURE:IB). He is a seasoned business executive and entrepreneur experienced in corporate finance, business development and strategic management. Mr. Dutton holds a BA in Economics from the University of British Columbia and a MBA from the Cranfield School of Management in the United Kingdom. Mr. Dutton is a principal at Primary Capital Group and is also a director of several public and private companies.

Simon Anderson has been a chartered accountant for over 20 years. He has extensive expertise in financial reporting, corporate finance, and mergers and acquisitions. Currently, Mr. Anderson is a director or chief financial officer of a number of publicly traded companies trading on the TSX, TSX-V and NYSE-AMEX exchanges.

Nicholas Davidoff is a Senior Analyst at Firebird Management LLC. Prior to joining Firebird, Mr. Davidoff was a trader at Ronin Capital LLC. He holds a BSM in finance from Tulane University and serves on the board of Kenya Fluorspar Company Ltd., a Kenyan mining company.

The Board of Directors now comprises Alec Robinson, Darren Devine, Anthony Dutton, Simon Anderson and Nicolas Davidoff.

Alec Robinson, President and CEO says:

"These changes to the Board bring new talents and experience which will help to move the Company to the next level as quickly as possible. The new Board is fully-aligned with the existing geographical focus on sub-Saharan Africa, and no changes in that strategy are planned. I welcome the new Directors and am excited to have the opportunity to work with them and to move the company forward.

"The company and myself personally, would like to express our deep appreciation to the outgoing Directors. James Henderson in particular was instrumental in founding Centric and has provided strong guidance and leadership. Peter Hawley and Mike Harrison both provided strong contributions during their time as Directors."

Centric is focused on acquiring significant oil and gas opportunities with established partners in sub-Saharan Africa within the context of a balanced portfolio, while maintaining costs at a low level.

ON BEHALF OF CENTRIC ENERGY CORP.

Alec Robinson, President and Chief Executive Officer

This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Centric's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Centric Energy Corp. does not assume the obligation to update any forward-looking statement except as required by applicable securities laws.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Centric Energy Corp.
    Alec E. Robinson
    Toll Free: +1 (800) 962-7189 or: +44 207 222 8512
    www.centricenergy.com