FIELD ACTIVITIES / Mesquite Resources Inc. Announces Changes
ASE SYMBOL: MQT
JUNE 4, 1998
CALGARY, ALBERTA--MESQUITE RESOURCES INC. (ASE-MQT) is preparing
to drill its first well of the year at Fairydell, Alberta.
Results are expected by the end of June or early July.
The Corporation also announces that after the completion of its
annual and special meeting held on June 3, 1998, it is moving
forward with a new team of directors. The Corporation is pleased
to announce that the shareholders have appointed Keith Conrad and
Christina Fehr to the board of directors of the Corporation.
Scott St. John, James Wasilenkoff, Kelly Ogle and Steve Takacs
were also re-appointed to the board. The board wishes to thank
Cec Palmer and Donald Snyder, who stepped down from the board, for
their service to the Corporation. Scott St. John will remain the
President of the Corporation, and the board appointed James
Wasilenkoff and Brian Stasiuk as Vice-Presidents, Michael Zander
as Exploration Manager and Stewart Larsen as Comptroller of the
Corporation.
The shareholders also approved a resolution to consolidate the
Corporation's common shares on a 1-for-3 basis and to change the
name of the Corporation to "Mesquite Energy Inc." The board of
directors of the Corporation is currently reviewing the timing of
the implementation of these initiatives, and a further press
release will be issued at a later date on this matter.
Mesquite Resources Inc. is a Calgary-based company engaged in the
acquisition, exploration and development of oil and gas properties
in western Canada. |
