SPRING, TX / ACCESSWIRE / June 21, 2016 / True North Energy Corp. (TNEN) ("True North"), announces that effective immediately Gilbert Steedley, at his election, has tendered his resignation as Chief Executive Officer and sole director of True North and at Mr. Steedley's request, William Simmons has accepted to replace Mr. Steedley as Chief Executive Officer and Sole Director.
Gilbert Steedley, said, "I have appreciated the opportunity to be a part of True North for over two years, and I am confident that Mr. Simmons will continue to take the Company in the right direction and enhance shareholder value."
About True North Energy Corporation
Traditionally, True North Energy Corporation has engaged in the identification, acquisition and development of oil and gas properties. Through its subsidiary, TN Energy Corp., a Texas Corporation, the company holds overriding royalty interests on properties located in Colorado and Oklahoma. To explore opportunities in various industries, TNEN holds an ownership interest in Marco Capital Limited, a Hong Kong company. Marco Capital holds an ownership interest in LeCrown Ltd., a fashion shoe icon. For further information about True North, please visit www.tnencorp.com.
This press release may contain forward-looking statements, including information about management's view of True North's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release, other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of True North, its divisions and concepts to be materially different than those expressed or implied in such statements. The forward-looking statements included in this press release are made only as of the date hereof. True North cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, True North undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by True North.
SOURCE: True North Energy Corporation