Lateral Capital Corp.
TSX VENTURE : LCP

Lateral Capital Corp.

July 21, 2014 08:49 ET

Lateral Capital Corp. Announces Name Change to "Jaguar Resources Inc." and Strategic Additions to Management Team

CALGARY, ALBERTA--(Marketwired - July 21, 2014) - Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) is pleased to announce that effective July 21, 2014, the name of the Corporation will be changed to "Jaguar Resources Inc.". At the opening of trading on the TSX Venture Exchange ("TSXV") on July 21, 2014, the trading symbol for the Corporation will change from "LCP.P" to "JRI.P". The new CUSIP number will be 470095100 and the new ISIN number will be CA4700951003. The share capital of the Corporation remains unchanged.

Jaguar is also pleased to announce the addition of five new members to the management team, each with a wealth of professional experience in the Western Canadian sedimentary basin and elsewhere. Mr. Chris Barton, B.Sc., P.Geol., has over 30 years of oil and gas industry experience and will be joining Jaguar, effective immediately. Mr. Barton has a Bachelor of Science degree in Geology from the University of Calgary (1981) and is a professional geologist. Beginning his career as a geologist at Unocal, Mr. Barton transitioned to the role of geophysicist and has since worked as Senior Staff & Chief Geophysicist at ConocoPhillips Canada, Pinnacle Resources Ltd., Groundswell Energy and Burlington Resources Canada. In 2006, Mr. Barton was appointed Vice President of Exploration at Kereco Energy and, since 2008, has been the President of Shadow Energy providing geophysical consulting to a number of public and private oil and gas exploration companies. Over his career, Mr. Barton has interpreted and evaluated geological and geophysical data across the entire stratigraphic section from the Ordovician Red River to the Cretaceous Belly River. Along with his technical expertise, Mr. Barton's breadth of experience has allowed him to gain an invaluable array of clients and contacts on both the technical and executive sides of the industry.

Mr. Craig Boland B.Sc., B.Sc.(Honours), M.Sc., P.Geol., has agreed to join Jaguar as a senior technical advisor for geology. Along with Mr. Barton, Mr. Boland will be an integral part of the exploration and development team responsible for the growth and direction of the Company.

Mr. Boland graduated from Memorial University of Newfoundland with Bachelor of Science degrees in Geology and a Masters degree in Earth Sciences in 1984. During his 30 year career he has held senior and executive positions with major and junior exploration and production companies both domestically and internationally, where he has been instrumental in creating value for shareholders. Mr. Boland has served in such capacity with Texaco Canada, Imperial Oil and Gas (Exxon), Intensity Resources, Archean Energy, Grizzly Resources, Ironhorse Oil & Gas and Century International. Mr. Boland was the Vice President of Exploration and founding partner for both Grizzly Resources and Ironhorse Oil & Gas along with being the Managing Director of Century International. He has been involved in exploration and operations in Western Canada, Offshore Eastern Canada, the United Kingdom/North Sea, South America, West and North Africa, South East Asia and the Gulf of Mexico.

Since early 2007, Mr. Boland has been the principal of Boland Exploration Consulting ("BEC") where he has been providing technical evaluations, opinions, financing, advice, directorships and has been a facilitator/broker for both startup and established energy firms worldwide. During his tenure with BEC, Mr. Boland has been the Vice President of Business Development for PYPE Inc., President and CEO of Ptarmigan Energy, President and CEO of Anchor Point Exploration and Vice President of Exploration for Waldron Energy. Mr. Boland is a professional member of APEGGA, AAPG and CSPG.

Mr. Rob Morrison, P.Eng., a professional engineer with over 26 years of progressive experience in many facets of engineering and management within the upstream oil and gas industry will also be joining Jaguar's management team. The previous 15 years of Mr. Morrison's career have been spent in senior management roles with junior oil and gas production companies, including 10 years as an engineering manager. Mr. Morrison then worked for Tarragon Oil & Gas for a 3 year period both as a Production Manager and subsequently as an exploitation engineer. Most recently, Mr. Morrison worked at Reliable Energy Ltd. as Vice President Engineering and Operations until its acquisition by Crescent Point Energy in May 2012.

Mr. Curt Maxwell, a professional landman with over 34 years of experience will also join Jaguar's management team. Mr. Maxwell has held landman positions at PetroCanada, General American Oils, Phillips Petroleum and EOG Resources. Since 2000, Mr. Maxwell has been a consulting landman for a number of public and private junior oil and gas companies. Mr. Maxwell's responsibilities have included the negotiation and maintenance of leases and administration thereof, contract preparation and administration, land sale co-ordination, property, asset and corporate negotiations, acquisition and divestitures and he has been a member of several operating management teams.

In addition, Jaguar would like to announce the appointment of Mr. Donald Wright as the Chairman of the Board of Directors. The Company will be appointing two additional independent board members in the immediate future.

All of the above noted additions to the management team are subject to TSXV approval. Specific positions and titles for each of the above noted individuals will be determined by the board of directors.

About Lateral

Lateral's business strategy is to seek to provide shareholders with growth by exploiting existing assets in a financially disciplined manner and by acquiring additional (predominantly) light oil assets. As part of its corporate strategy of acquiring additional assets, the Company is typically in the process of evaluating several potential transactions at any time which individually or together could be material. The Company cannot predict whether any current or future opportunities will result in one or more transactions involving the Company. The Company may complete financings of equity or debt or issue equity or utilise debt facilities to finance all or a portion of any such potential acquisitions.

Neither the 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.

Cautionary and Forward-Looking Statements

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forwardlooking statements or information. More particularly and without limitation, this news release contains forwardlooking statements and information relating to the TSX Venture Exchange's approval of the new members of the management team and the change to the Company's name. The forwardlooking statements and information are based on certain key expectations and assumptions made by management of the Company, including, without limitation, the proposed management appointee's suitability as executives of a TSX Venture Exchange listed company. Although management of the Company believes that the expectations and assumptions on which such forward looking statements and information are based are reasonable, undue reliance should not be placed on the forwardlooking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forwardlooking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company's ability to raise capital, and efficiently and successful explore and develop its properties without the involvement of the new management appointees or the change to its corporate name. Accordingly, readers should not place undue reliance on the forwardlooking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forwardlooking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSXV. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Contact Information

  • Corbin Blume, President & CEO
    Jaguar Resources Inc.
    730, 1015 - 4th Street SW
    Calgary, Alberta T2P 2V7
    Main Phone (587) 350-7500
    Fax (587) 350-7505