Lonestar West Inc.
TSX VENTURE : LSI

Lonestar West Inc.

September 01, 2015 16:31 ET

Lonestar West Inc. Announces Appointment of Executive Vice President

SYLVAN LAKE, ALBERTA--(Marketwired - Sept. 1, 2015) - Lonestar West Inc. (TSX VENTURE:LSI) (the "Company" and/or "Lonestar") is pleased to announce that Chris Anderson has joined Lonestar as the Executive Vice President of Operations.

Prior to joining Lonestar, Mr. Anderson held the position of Chief Executive Officer of Big Eagle Services (2011 to 2015) and was the Vice President of Canadian Operations of High Arctic Energy Services (2006 to 2011). Before that period Mr. Anderson had a 27 year career with Halliburton Energy Services Canada, holding a variety of senior operational positions. Lonestar is pleased to add Chris to the management team as we focus on building out our business platform. We believe that Chris's direct industry experience will be invaluable as we continue to grow the Company.

Along with this appointment the Company has granted Mr. Anderson 1,000,000 incentive stock options of the Company under its Stock Option Plan. The options are exercisable at $1.15 per common share, vesting equally over 5 years and expiring on September 1, 2020.

Additionally stock options totalling 250,000 have been issued to certain independent directors. The options are exercisable at $1.15 per common share, vesting equally over 5 years and expiring on September 1, 2020.

About Lonestar West

Based in Sylvan Lake, Alberta, Lonestar West Inc. operates a fleet of 160 Hydrovac, Vacuum and Auxiliary units throughout Canada, California and the Southern United States. It is focused on profitably growing its HVAC services to become a major competitor in the North American market.

For more information please visit the Lonestar West website at www.lonestarwest.com.

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