TG World Energy Corp.

TG World Energy Corp.

June 20, 2008 11:33 ET

TG World Announces Annual & Special Meeting Results

CALGARY, ALBERTA--(Marketwire - June 20, 2008) - TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces that shareholders approved all resolutions presented to them at the Company's Annual and Special Meeting of Shareholders. A total of 46,219,874 shares were represented in person or by proxy at the meeting, representing approximately 37.87% of the Company's outstanding shares. TG World's Annual and Special Meeting was held June 18th, 2008, at the Calgary Petroleum Club.

The following board members stood for election and were duly re-elected: Edward W. Best, A. Lloyd Flood, Clifford M. James, James C. Smith, Wayne G. Thomson and Murray B. Todd. These individuals will hold office until the next TG World annual meeting.

PriceWaterhouseCoopers LLP was re-appointed as auditors of the Corporation and will hold office until the next annual meeting at such remuneration as may be determined by the directors of the Company.

Shareholders also approved a resolution respecting the Company's rolling 10% share option plan.


For those who were not able to listen to the live webcast of the corporate presentation on the day of the event, an archive and podcast have been made available at:

Corporate Profile

TG World is a Calgary-based, junior international oil and gas exploration company. On March 18, 2006, TG World Energy Inc., a wholly-owned subsidiary of TG World, entered into a major exploration project through the formation of a joint venture with Brooks Range Petroleum Corporation. The BRPC / TG World Joint Venture was formed as an exploration strategic alliance covering a large area of mutual interest on the Alaskan Central North Slope. The Company's indirect interest in the Alaska Joint Venture includes a 25 - 35% working interest in approximately 330,000 gross acres of lease lands and an Area of Mutual Interest under which additional lands may be acquired.

Through a wholly-owned subsidiary, TG World holds a 20% carried interest in the Tenere Block, an oil and gas concession in the Republic of Niger, Africa, measuring 71,155 square kilometres (17.3 million acres). The Tenere Block contains the northern half of the Termit - Tenere Rift. The southern half is adjacent to the Agadem Block, where six oil discoveries and one gas discovery have been announced. CNPCIT, a unit of CNPC, holds the other 80% of the Tenere concession and acts as operator of the project.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • TG World Energy Corp.
    Clifford M. James
    President and CEO
    (403) 265-4506
    (403) 264-7028 (FAX)
    TG World Energy Corp.
    Paul Moon
    Director, Corporate Communications
    (403) 265-4506
    (403) 264-7028 (FAX)