Sagres Energy Inc.
TSX VENTURE : SGI

Sagres Energy Inc.

September 11, 2012 18:15 ET

Sagres Announces New Director

CALGARY, ALBERTA--(Marketwire - Sept. 11, 2012) - Sagres Energy Inc. (TSX VENTURE:SGI) ("Sagres" or the "Company"), announces that it has appointed Mr. Scott Moore to the board of directors of Sagres. Mr. Moore takes the place vacated by Mr. Stan Bharti who has resigned from the board to focus on other commitments. Sagres remains a member of the Forbes & Manhattan Group of Companies and continues to receive all of the benefits of such membership, including access to a world class team of geologists and petroleum engineers, advice from Mr. Bharti and other Forbes & Manhattan capital market professionals and strategic advice from the Forbes & Manhattan Board of Advisors.

Mr. Moore is an experienced business executive with over 20 years in the resource and durable goods sector. He is currently the President and CEO of Dacha Strategic Metals Inc. and Chief Operating Officer of Forbes & Manhattan Inc. He holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management.

About Sagres

Sagres Energy Inc. is a Canadian based international oil and gas exploration company with an exploration portfolio in Colombia 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 directors of the Company. 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.
    Ahmed Said
    Director
    (403) 263-3000