(via Thenewswire.ca)
Vancouver B.C. June 7, 2013: Sunridge Energy Corp. ("SRG" or the "Company") (SRG: TSX-V) held its Annual General Meeting on June 6, 2013 and is pleased to announce that all resolutions proposed in the information circular were passed. In addition, all agenda items, as outlined in the circular, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Lorne Hill, Mr. Chad Dust, Mr. Robert Lee and Mr. Jerry Huang.
Mr. Lorne Hill was reappointed President and Secretary, Mr. Gary Schellenberg was reappointed Interim Chief Executive Officer and Mr. David Gurvey was reappointed Chief Financial Officer.
"All items on our agenda received overwhelming support from the shareholders for the direction Management and the Board of Directors is taking the Company" comments Lorne Hill.
The Company will not be proceeding with the $495,000 private placement announced April 19, 2013. The Board has received shareholder mandate to consider alternative financing options to reduce corporate debt and optimize its current asset portfolio.
ABOUT SUNRIDGE
Sunridge is a junior oil and gas exploration and development company with production operations in the Province of Alberta.
On behalf of the board,
Lorne Hill
President and Director
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Sunridge cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Sunridge's control. Such factors include, among other things: risks and uncertainties relating to Sun ridge's ability to complete the drilling of the Test Well; earn a working interest in the Property and that there will be production from any wells drilled. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Sunridge undertakes no obligation to publicly update or revise forward-looking information.
NEITHER 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.
For further information please contact:
Sunridge Energy Corp.
650 West Georgia St. Suite 620
Vancouver, British Columbia V6B 4N9
Tel: 604-681-0221
Fax: 604-687-4670
Email: info@sunridge-energy.com
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