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Bayshore Petroleum Announces Changes to Board of Directors

Source: 6/9/2016, Location: North America

Bayshore Petroleum Corp. announces that Raymound Go has resigned as Chairman of the Board of the Company effective immediately. Mr. Go is resigning as Chairman and board member for personal reasons. Mr. Go has been a valuable member of the Board and has contributed his valuable time to various Board Committees, and the Board and officers of Bayshore wish Mr. Go the very best of luck and success in his future endeavors.

Peter Ho, currently President, CEO, and a Board member, will assume the role of Chairman of the Board and resign as President, effective immediately. Mark Roth, currently the CFO and a Director, will assume the role of President as well as CFO. All of these changes have been approved by the Board of Directors, effective immediately.

The composition of the Board of Directors will be reviewed in more detail in the 2016 shareholders' meeting, expected before the fall of 2016. This meeting could potentially follow a major investment in the Poplar Creek (Fort McMurray) property as previously discussed in a Bayshore May 16, 2016, news release. A further announcement will be made by June 30, 2016. Bayshore shares remain halted from trading, and shall remain halted from trading pending receipt of applicable documentation by the TSX Venture Exchange.

On behalf of the Board of Directors, BAYSHORE PETROLEUM CORP.

Peter Ho, Chairman and CEO

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

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