Arrow Energy Ltd.

Arrow Energy Ltd.

June 05, 2008 13:51 ET

Arrow Announces Change of Directors

EDMONTON, ALBERTA--(Marketwire - June 5, 2008) - Arrow Energy Ltd. (TSX VENTURE:AOF) ("Arrow") announces that the board of directors has appointed Glen Anderson and Jesse Gauchier as directors of Arrow to fill the two vacancies left by the resignations of Sherry Cunningham and Dennis Cunningham. Sandford Gauchier and Dale LeClair were also appointed directors of Arrow all effective April 7, 2008.

In addition, Arrow announces that the board of directors has approved a grant of stock options to the new directors of Arrow to purchase an aggregate of 600,000 common shares at an exercise price of $0.20 per common share pursuant to its stock option plan. The stock options expire May 30, 2013.

Arrow is a Calgary-based junior resource company engaged in the exploration, development and production of natural gas and oil primarily in the Peavine/Dawson, Westlock, and Redwater/Jeffrey areas of Alberta.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Arrow Energy Ltd.
    Richard N. Edgar
    (403) 237-9996 or Toll Free: 1-866-528-9996
    (403) 264-0416 (FAX)