David Mackie

September 16, 2013 08:00 ET

David Mackie Resigns from Alexander Energy Board of Directors

CALGARY, ALBERTA--(Marketwired - Sept. 13, 2013) - Further to the press release issued by Alexander Energy Ltd. ("Alexander") on September 11, 2013, Mr. David S. A. Mackie, P.Geol. resigned from the Board of Directors of Alexander effective September 10, 2013. Mr. Mackie resigned due to concerns regarding corporate governance generally that were not adequately addressed and particularly due to Alexander's decision to proceed with the recently announced private placement of common shares at a price of $0.15 per share, being the maximum permitted discount under the TSXV's rules. Mr. Mackie did not believe that the private placement, which he understood would be issued primarily to insiders of Alexander, was in the best interest of Alexander's shareholders, particularly in light of the strong opposition to Alexander's stock option plan at Alexander's recent shareholders' meeting.

This press release expresses the views and beliefs of Mr. Mackie and does not necessarily reflect those of Alexander or its board of directors.

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