A Chartered Accountant, Orr has more than 25 years' experience in the oil and gas industryŚmost recently as the CFO of a significant public junior company. Cirrus anticipates that her significant debt and equity financing experience will promote the development acquisition model that is a core component of our strategy.
In conjunction with the appointment, Cirrus has granted her an option, pursuant to the stock option plan, to acquire up to 400,000 Common Shares having an exercise price of $1.25 per share and expiring in five years.
Concurrent with the appointment, the incumbent CFO, Rob Carter, will be stepping down from his position and joining the Board of Directors. In this manner, Rob will achieve his personal desire to decrease his day-to-day role while allowing Cirrus to retain the benefit of his knowledge and strategic contribution.
Cirrus Energy Corporation is an international oil and gas company headquartered in Calgary with operations in the Netherlands and Trinidad.
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