SASKATOON, Oct. 11, 2018 /CNW/ - Westcore Energy Ltd. ("Westcore" or the "Company") (TSXV: WTR) announces that it has appointed Mr. James B. Engdahl to the Company's board of directors and has also accepted the resignation of Paul Conroy as a director. Paul was an original founder and past President and CEO of Westcore and has served on the board since 2007. The board of directors thank Paul for his years of service and wish him all the best in his future endeavors.
Andrew Davidson, President and CEO comments, "We are pleased to be able to welcome Mr. Engdahl's extensive experience, success and business acumen, particularly in the Saskatchewan resource sector, just as Westcore looks to expand the development of its current heavy oil production at the Flaxcombe and Riverside fields".
Mr. Engdahl brings over 30 years of corporate, banking and capital markets experience, holding senior executive positions and/or board positions with several listed junior resource companies including:
Mr. Engdahl was directly responsible for raising approximately $150,000,000 and developing of one of the only fully integrated rare earth companies in the world while at the helm of Great Western Mineral Group. As President and GM at Devco Financial, he was responsible for the procurement of a $10 million venture fund for the Province of Saskatchewan and as managing partner at Cascadia Ventures Inc., financed projects in excess of $100 million over a 3-year period.
Mr. Engdahl has also sat on the boards of various trade and economic advisory committees in Saskatchewan, including Enterprise Saskatchewan - Mining Group Committee, an economic advisory group to the government of Saskatchewan; and Chair, Audit Committee of Saskatchewan Trade & Export Partnership, a government/industry sponsored non-profit organization developed to aid and assist all exporters within Saskatchewan.
Westcore Energy Ltd. is a Saskatchewan based oil and gas exploration and development company focused on conventional heavy oil plays over two separate land packages in west-central Saskatchewan. Over the Flaxcombe and Riverside fields, Westcore has 100% working interest in 34 net sections of highly prospective Success Formation land with Westcore drilled wells in production and field optimization in place.
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.
SOURCE Westcore Energy Ltd.
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