Lands End Resources Ltd.
CNSX : LND

Lands End Resources Ltd.

November 17, 2009 11:02 ET

Lands End Resources Ltd. Announces Management Changes; Provides Corporate Update

CALGARY, ALBERTA--(Marketwire - Nov. 17, 2009) - Lands End Resources Ltd. ("Lands End" or the "Company"), (CNSX:LND) has announced that effective November 6th, 2009 Mr. John Arthur Bray has tendered his resignation as the Company's Chief Financial Officer and as Director of Lands End. Mr. Bray has cited his other business activities and commitments as impeding his ability to contribute to the degree he would like to the Board of Lands End.

The Company also wishes to report that effective November 6th, 2009 Mr. Robert Pek has resigned as President of Lands End. Mr. Pek will continue to remain on the Board of Directors of the Company. Mr. Pek has cited his other business endeavours as preventing him from dedicating his full time to the Company's day-to-day operations.

Replacing Mr. Pek as President and Chief Executive Officer will be Mr. David W. Harrison. Mr. Harrison, who is currently on the Board of Directors of Company, has been actively involved in the financing and administration of petroleum projects for the last 17 years. He has held executive positions and acted as director to several publicly traded junior oil and gas companies in the domestic and international energy industry.

The Company would like to thank both Mr. Bray and Mr. Pek for their past contributions to the Company, to the Board of Directors and as founders of Lands End, and wish them well in their future endeavours.

The Board of Directors of Lands End is now comprised of Robert Pek, David Harrison and Bradley Culver.

CORPORATE UPDATE

The Company wishes to acknowledge a cease trade order issued by the Alberta Securities Commission ("ASC") on October 1st, 2009. The Cease trade order had been issued by the ASC, under the Securities Act (Alberta) for failure to file its annual audited financial statements, annual management discussion and analysis, and certification of annual filings for the year ended May 31st, 2009.

Management is pleased to report that on October 30th, 2009 the Company filed its annual audited financial statements, annual management discussion and analysis, and certification of annual filings for the year ended May 31st, 2009.

Further, Lands End also wishes to report that on November 13th, 2009 the Company filed their quarterly unaudited interim financial statements, management discussion and analysis, and certification of interim filings for the period ended August 31st, 2009.

Therefore in accordance with the terms of the cease trade order, and the ASC Policy 12-601, upon filing of the required continuous disclosure materials, management will make an application to the ASC to obtain a revocation order. The date for the resumption of trading in the securities of Lands End Resources Ltd. will be announced once all processes for revocation of the cease trade order have been completed.

ABOUT LANDS END RESOURCES LTD.

Lands End Resources Ltd. is a Canadian oil and gas exploration, development and production company with producing assets in Southern and West Central Alberta. The Company's primary focus is reenhancement and exploitation of its Cardium well interests through the use of an economical "Radial Drilling" technology. This economical and proven technology will enable the Company to increase the reserves and production in its land holdings in the Edson, Alberta region.

ON BEHALF OF THE BOARD OF DIRECTORS OF LANDS END RESOURCES LTD.

Contact Information

  • Lands End Resources Ltd.
    David Harrison
    President & CEO
    (403) 532-8755