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True North Energy Corp.

 
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True North Energy Corp. elects new board member and files audited financials statements

Dec 04, 2014

OTC Disclosure & News Service

- True North Energy Corp. elects new board member and files audited financials statements

True North Energy Corp. elects new board member and files audited financials statements

PR Newswire

SPRING, Texas, Dec. 4, 2014 /PRNewswire/ -- True North Energy Corp. (OTC: TNEN) ("True North") today announced the appointment of an independent director to the board, Mr. William M. Simmons, effective today. Mr. Simmons has over thirty years experience in the oil and gas industry, working on projects worldwide, specializing in consulting, management and business development.  In addition, Mr. Simmons has worked as a writer, editor and investment analyst for offshore oil and gas industry publishing and research companies.  Mr. Simmons holds a Bachelor of Science degree from Texas A&M University and is currently President of Loosbrock Offshore Consultants, Inc.

Mr. Gilbert Steedley, the Company's CEO and director, said "We are pleased Mr. Simmons has joined the board as an independent director.  As a seasoned oil and gas professional with extensive worldwide experience, Mr. Simmons is a valuable addition to the Company as it continues forward with its growth plan."

The Company received $50,000 in new convertible note funding to be used for possible additional oil and gas investments, if located, repayment of short term advances and working capital requirements. 

In addition, the Company has filed audited financial statements for the years ended April 30, 2013 and April 30, 2014, which can be found at OTCmarkets.com. 

About True North Energy Corporation

Traditionally, True North Energy Corporation has been engaged in the identification, acquisition and development of oil and gas properties and holds overriding royalty interests on properties located in Colorado and Texas. True North is headquartered in Spring, Texas with a wholly-owned Hong Kong subsidiary. 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/true-north-energy-corp-elects-new-board-member-and-files-audited-financials-statements-300005008.html

SOURCE True North Energy Corp.

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