Iona Energy Inc.

TSX VENTURE : INA


April 05, 2013 13:50 ET

Iona Energy Announces Organizational Changes

CALGARY, ALBERTA--(Marketwired - April 5, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES.

Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA), announces that Brad Gunn, Chief Financial Officer ("CFO") of the Company, has resigned as CFO and from the Company's Board of Directors for personal reasons.

Effective immediately, Graham Heath, currently Iona's VP Corporate Development, has assumed the position of interim CFO.

Iona also announces that Don Copeland, currently a member of the Company's Board of Directors, has been appointed as the non-executive chairman of the Board of Directors.

Neill Carson, Iona's Chief Executive Officer, commented "Iona's Board of Directors and Management team wish to thank Brad for his tremendous hard work and dedication since the start up of our company. We wish him well for the future. Graham has been fully immersed in the Company's recent financing arrangements and I'm confident that Iona is well positioned to maintain business continuity throughout this organizational change."

About Iona Energy

Iona Energy is an oil and gas exploration, development and production company focused on oil and gas development in the United Kingdom's North Sea.

Neither TSX Venture Exchange nor its Regulation Service 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

  • Iona Energy Inc.
    Neill A. Carson
    Chief Executive Officer
    +011 (44) 1224 228400

    Iona Energy Inc.
    Graham Heath
    Chief Financial Officer
    (403) 605-6726