Warrior Energy N.V.
TSX VENTURE : WEN

Warrior Energy N.V.

November 03, 2011 18:21 ET

Warrior Energy N.V. Announces Annual General and Extra-Ordinary Meeting Results and Appointment of New Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Warrior Energy N.V. ("Warrior" or the "Company") (TSX VENTURE:WEN) is pleased to announce that the Company held its annual general and extra-ordinary meeting of shareholders (the "Meeting") on October 28, 2011 at 4:00 p.m. in the Netherlands. The shareholders of Warrior voted in favour of all resolutions proposed at the Meeting, including the appointment of Smythe Ratcliffe as auditor of the Company and the election of directors. Also at the Meeting, Warrior's shareholders approved the proposed share consolidation of the Company's share capital on the basis of one (1) post-consolidated common share for each five (5) pre-consolidated common shares (the "Consolidation"). The Company also received shareholder approval of its proposed decrease of the nominal value from EUR 0.15 per common share to EUR 0.02 per common share, as well as, shareholder approval to amend Warrior's Article of Association to reflect the proposed changes.

Warrior currently has an aggregate of 14,240,733 common shares outstanding with a nominal value of EUR 0.15 per common share. After giving effect to the Consolidation and decrease in nominal value, the Company expects to have 2,848,147 common shares with a nominal value of EUR 0.02 per common share. The Company will not be changing its name in conjunction with the Consolidation. The Board of Directors of the Company believes that the Consolidation is necessary to facilitate future capital raising efforts.

The completion of the Consolidation is subject to TSX Venture Exchange approval. Additional information can be found in the Company's Information Circular dated September 23, 2011 filed on SEDAR at www.sedar.com.

The Company is also pleased to announce the appointment of Mr. Roger J. Bernhard as Chief Financial Officer and Secretary of the Company effective October 28, 2011.

Mr. Bernhard successfully completed his Persian studies and gained his initial professional experience in the world of finance, pursuing activities in investment banking, mainly capital market trading & sales/new issues business, with a number of institutions both in Switzerland and in London for a number of years. Mr. Bernhard then joined the Swiss Treasury, a unit of the Federal Finance Administration entrusted with executing all financial market activities for the Swiss Confederation. He rose to become Head of Treasury, in charge of the Government's cash management operations, all funding and debt issuance activities, investment of surplus liquidities and the management of the Confederation's entire FX and interest rate risk management. After his departure from the Treasury, he proceeded to establish himself as an independant financial consultant.

Mr. Evert Meilink resigned as Chief Financial Officer and Secretary of the Company. The Board of Directors thanks Mr. Meilink for his valuable contribution as an officer of the Company. Mr. Meilink will remain as a director of the Company.

Following the Meeting, Raymond Deere resigned as a director of the Company. The Board of Directors thanks Mr. Deere for his valuable contribution during his tenure and wishes him much success in his future endeavours.

Mr. Jürg Tschofen, a newly elected director of Warrior, will be replacing Mr. Deere's positions as a member of the Company's Audit Committee, Corporate Governance Committee, Compensation and Nominating Committee and Disclosure Committee.

About the Company

Warrior is a junior oil and gas exploration and production company focused on identifying and exploiting natural gas opportunities.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the polices of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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