Ammonite Energy Ltd.
TSX VENTURE : AMO

May 11, 2009 08:30 ET

Ammonite Energy Ltd. Announces Resignation of Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - May 11, 2009) -

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Ammonite Energy Ltd. (TSX VENTURE:AMO) ("Ammonite" or the "Company") announces the resignation of Patricia Taguchi, the Company's Chief Financial Officer. Ms. Taguchi has served the Company since December, 2008 and has assisted the Company in its transition from a private corporation to a publicly traded corporation. Ms. Taguchi resigned to pursue other business opportunities and the board of directors of Ammonite wishes to thank her for her contribution to the success and growth of Ammonite during her time of employment.

Ammonite has 27,956,937 Common Shares issued and outstanding which trade on the TSX Venture Exchange under the symbol "AMO".

Ammonite is a Calgary, Alberta based junior energy company primarily focused on light oil exploration, development and production in the Wembley area of northwest Alberta and Kindersley area of southwest Saskatchewan.

Ammonite is the result of a business combination with Ketchum Capital Corporation ("Ketchum"), a capital pool company listed on the TSX Venture Exchange, and Ketchum Acquisition Corporation pursuant to which Ketchum acquired all of the issued and outstanding common shares of Ammonite. The Acquisition constituted the Qualifying Transaction of Ketchum as defined in the policies of the TSX Venture Exchange. On January 19, 2009, the shareholders of Ketchum approved a change in the name of the Company from "Ketchum Capital Corporation" to "Ammonite Energy Ltd." and the consolidation of its common shares on the basis of one postconsolidation common share for every five pre-consolidation common shares. On January 22, 2009, the post-consolidation common shares of the Company commenced trading under the trading symbol "AMO".

Neither the TSX Venture Exchange nor Its Regulation Services Provider (as the term Is defined In the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ammonite Energy Ltd.
    Mr. Stephen N. Ewaskiw
    President and Chief Executive Officer
    (403) 263-9505
    or
    Ammonite Energy Ltd.
    Suite 1200, 520-5th Ave S.W.
    Calgary, Alberta, T2P 3R7