Canoel International Energy Ltd.
TSX VENTURE : CIL

Canoel International Energy Ltd.

March 03, 2011 07:58 ET

Canoel Board's Change

CALGARY, ALBERTA--(Marketwire - March 3, 2011) -

THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE:CIL) announces that on March 2, 2011, it has received the resignation of Mr Emmanuel Olympitis, from the seven people Board of Directors of the Company.

Mr Olympitis stated: "It is with regret that I resign, which is necessary to concentrate more fully on my other business interests".

Andrea Cattaneo, CEO & President of the company, stated: "We thank Mr Olympitis for all his valuable assistance over the past 3 years and we wish him the very best in his future endeavours".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canoel International Energy Ltd.
    Jose Ramon Lopez Portillo
    Chairman of the Board
    (403) 938 8154
    or
    Canoel International Energy Ltd.
    Andrea Cattaneo
    CEO & President
    (403) 938 8154
    info@canoelenergy.com