'Difficult Restructuring' Complete: Haddad Heads Rolland Energy
Rolland Energy Inc. reported that Mazen Haddad will join its Board of Directors effective January 28, 2008. "Mazen is a widely respected and experienced fund manager and public company director who brings valuable added expertise and experience to Rolland Energy", said Michael McLellan President and CEO of the Corporation.
Mr. Haddad is currently President of Township Capital Inc., where he administers an investment fund. He is also Chairman of SGI Properties Canada Fund LP, a private REIT and Vice-President of SGI Capital Corp., a private investment company.
"Rolland Energy has come through the most difficult aspects of its restructuring plan, and is positioning itself to take advantage of new opportunities for growth and value-creation", said Mr. Haddad.
The Corporation has also announced that it has issued stock options to several directors to purchase an aggregate of 769,015 common shares with an exercise price of $0.10 expiring on the earlier of January 28, 2008 or 90 days following the end of employment with the Corporation.
- Rolland Begins Drilling 4 Shallow Gas Wells in Alberta (Feb 07)
- Rolland Energy Terminates IR Agreement (Jan 31)
- 'Difficult Restructuring' Complete: Haddad Heads Rolland Energy (Jan 28)