Sagres Energy Inc.
TSX VENTURE : SGI

November 01, 2011 08:30 ET

Sagres Announces Interim CFO

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - Sagres Energy Inc. ("Sagres" or the "Company") (TSX VENTURE:SGI) is pleased to announce the appointment of Ms. Deborah Battiston as interim Chief Financial Officer of the Company, effective November 1, 2011.

The appointment of Ms. Battiston follows the resignation of Mr. Darren Moulds as Chief Financial Officer of the Company. Sagres would like to thank Mr. Moulds for his service as Chief Financial Officer.

Ms. Battiston is a Certified General Accountant with over 23 years of accounting and financial management experience. At present, she is the Chief Financial Officer of a number of Canadian public companies. Ms. Battiston obtained a B.A. in Economics from the University of Guelph.

About Sagres

Sagres Energy Inc. is a Canadian based international oil and gas exploration company with an exploration portfolio in Colombia, Guyana and Jamaica. The common shares of Sagres are listed for trading on the TSX Venture Exchange under the symbol "SGI".

Regulatory Statements

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the appointment or resignation of the chief financial officer. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

Contact Information

  • Sagres Energy Inc.
    Gary Wine
    President & CEO
    (403) 441-1129

    Sagres Energy Inc.
    Daniel Bruno
    Vice President, Corporate Development
    (416) 861-5935