Molopo Energy Limited

Molopo Energy Limited

March 18, 2013 07:00 ET

Molopo Announces Appointment of New North American Director

CALGARY, ALBERTA--(Marketwire - March 17, 2013) - Molopo Energy Limited (ASX:MPO) is pleased to announce that effective immediately, Mr. Jeffrey E. Schwarz has been appointed as an independent, non-Executive Director.

Mr. Schwarz is a Senior Advisor to Metropolitan Capital Advisors, Inc. ("MCA"), a New York-based investment management firm, which he co-founded in 1992. He has more than thirty years of experience in funds management employing value and event investing strategies. From its inception until 2012, Mr. Schwarz served as Chief Investment Officer of MCA, during which time he directed the commitment of significant capital to the energy sector. He holds degrees from the University of Pennsylvania's Wharton School (summa cum laude graduate with a B.S. in Economics; and an MBA with a concentration in Finance).

In making the announcement, Molopo Chairman Greg Lewin commented, "We are very pleased to welcome Jeffrey to the Board of Directors of Molopo. He brings direct knowledge of private and public financing markets as well as valuable insights into the North American energy industry. We are looking forward to Jeffrey's contributions as we continue to explore alternatives to unlock Molopo's value for shareholders."

This press release contains certain forward-looking statements. These statements relate to future events or future performance of the Company. When used in this press release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "predict", "seek", "propose", "expect", "potential", "continue", and similar expressions, are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to certain events, and are subject to a number of risks, uncertainties and assumptions. Many factors could cause Molopo's actual results, performance, or achievements to materially differ from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in other public disclosures made by the Company or this press release as intended, planned, anticipated, believed, estimated, or expected. Furthermore, statements relating to "reserves" or "resources" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions that the resources and reserves described can be produced profitably in the future. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary declaration. These statements speak only as of the date of this press release. The Company does not intend and does not assume any obligation, to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.

Contact Information

  • Molopo Energy Limited
    Greg Lewin
    + 61 3 9618 8722

    Molopo Energy Limited
    Steve Cloutier

    Molopo Energy Limited
    Cindy Gray
    VP Capital Markets
    +1.403.648.8026 or + 61 3 9618 8722 (Australia local)