Big News!!!
Tracer Appoints New Board Member
VANCOUVER, B.C., March 12 /PRNewswire/ -- Tracer Petroleum Corporation (OTC BB:TCXUF - news; Nasdaq:
TCXXF; TCXWF) announced today the appointment of David R. Robinson to the Board of Directors. A Calgary-based
geologist and seasoned oil company executive, Mr. Robinson has spent the past 12 years working in both the investment
business and petroleum industry. Previously the President and Chief Executive Officer of Odyssey Petroleum Corporation
[Nasdaq:OILYF - news], and prior to that an Executive Vice President of Arakis Energy Corporation [Nasdaq:AKSEF -
news], both of which are Calgary-based and Nasdaq-listed Mr. Robinson was responsible for raising over US$200 million in
equity capital for these companies.
The Board of Directors of Tracer is confident that Mr. Robinson will play a key role in enhancing the Company's relationships
with the investment community, and in raising further capital for Tracer's projects, as may be required. Mr. Robinson is an
investor in, and arranged the majority of the recently-announced private placement.
In conjunction with Mr. Robinson's appointment to the Board, Tracer confirms the grant of 250,000 new incentive stock
options to purchase, 250,000 common shares of the Company at CDN $0.50 per share at any time up to and including March
12, 2000.
The grant of stock options is subject to acceptance by regulatory authorities.
SOURCE: Tracer Petroleum Corporation
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This guy knows how to bring in investment money... I think Tracer knows it has something, and is now pulling out all the stops to capitalize on what it knows... Good news for all shareholders... : >
Jim |
