CALGARY, ALBERTA--(Marketwired - May 22, 2015) - Newton Energy Corporation (the "Company" or "Newton") (NEX:NTN.H) is pleased to report its financial results for the three month period ended March 31, 2015. The interim financial statements and Management's Discussion & Analysis were filed today on SEDAR at www.sedar.com.
The Company is also pleased to announce, subject to regulatory and NEX approval, the appointment of Lori Stewart to the board of directors of the Company effective May 20, 2015.
Lori Stewart launched eBay Canada and led eBay's early international product expansion into 22 countries and global acquisitions. Ms. Stewart also led the initiative to create an Energy Technology Centre in Alberta and works closely on public policy and vision for the future of leadership, innovation and entrepreneurship. Ms. Stewart founded the Calgary chapter of the Awesome Foundation and she holds a B.A in Economics from Carleton University.
Newton also announces the resignation of J. Arthur (Art) Bray as a director of the Company. The Board of Directors would like to thank Mr. Bray for his service to the Company and wish him every success in his future endeavors.
The Company further announces that its Board of Directors has approved the granting of stock options to purchase 200,000 common shares of the Company to a director of the Company, subject to regulatory and NEX approval. The options were issued with an exercise price of $0.05 per share, vest immediately and have a five year term.
ADVISORY
Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to regulatory approval for the appointment of a director and the issuance of stock options, including the Company's ability to obtain necessary approvals from the NEX. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Newton's disclosure documents on the SEDAR website at www.sedar.com. Newton does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Contact Information:
Merv Chia
CEO and Chairman
403-617-8779