(TSX-V | OYL)
TORONTO, April 17, 2017 /CNW/ - CGX Energy Inc. (TSX-V – OYL)
("CGX Energy" or the "Company") announces the resignation of Mr. Dan Gillet from its Board of
Directors. Mr. Gillet's resignation is in conjunction with Blackhill Partners ending its mandate at Pacific Exploration
& Production Corporation ("Pacific"). Mr. Gillet was employed by Blackhill Partners as part of the recent successful
restructuring of Pacific and was appointed to the CGX Energy Board during this process.
The Company also announced the appointment of Mr. Peter Volk as its General Counsel. Mr.
Volk is currently the General Counsel & Secretary of Pacific.
Professor Suresh Narine continues as Chairman of the Board of Directors of the Company.
About CGX Energy
CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname
Basin.
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
Forward-Looking Statements:
This news release contains forward-looking statements. Forward-looking statements are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", anticipate", "estimate", "may", "will", "would", "potential",
"proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur in the future. These
forward-looking statements are based on certain key expectations and assumptions made by CGX Energy. CGX Energy believes the
expectations and assumptions on which it develops forward-looking statements are reasonable; however, undue reliance should not
be placed on forward-looking statements as there can be no assurance they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of factors and risks. In addition, other risks
that may affect the forward-looking statements in this news release are outlined further in the Company's Annual Information Form
dated April 29, 2015 filed on SEDAR at www.sedar.com.
The forward-looking statements contained in this news release are made as of the date hereof and CGX Energy undertakes no
obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.
SOURCE CGX Energy Inc.
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