KDKN Stock: Kodiak Energy, Inc.- Change in Director and Update to Annual Meeting of Shareholders
Kodiak Energy, Inc.- Change in Director and Update to Annual Meeting of Shareholders
CALGARY, ALBERTA -- (Marketwire) -- 09/05/08 -- Kodiak Energy, Inc.
(TSX VENTURE: KDK) (OTCBB: KDKN stock) ("Kodiak" or the "Corporation"),
announces that Mr. Mark Hlady will not be standing for re-election as a
director at the Corporation's upcoming annual meeting of shareholders.
Mr. Hlady has chosen to focus on his other business interests. Mr. Bill
Tighe, Director, President and Acting Chief Executive Officer, will
assume the position of Chairman upon re-election to the Board.
"Mr. Hlady's support and stewardship of Kodiak over the past years
were critical and invaluable", said Mr. Bill Tighe, President and
Acting Chief Executive Officer. Mr. Tighe added, "The Corporation would
like to express its appreciation to Mr. Hlady for his hard work and
dedication, and wish him well in his future endeavors."
The date for Kodiak's annual meeting of shareholders will be
announced in the next few weeks. The Corporation is currently working
towards presenting a director nominee to replace Mr. Hlady and the
nominee to be disclosed in the proxy statement. Even though the
Corporation's proxy information is in compliance with United States
disclosure and regulatory requirements, the Corporation's listing on
the Toronto Venture Exchange within this past year called for the proxy
information to also be in compliance with Canadian regulatory
requirements. Furthermore, Kodiak's accelerated filer status with the
United States Securities and Exchange Commission required additional
disclosure in the proxy. Kodiak is in process of ensuring that the
proxy information satisfies both Canadian and United States disclosure
requirements prior to setting a meeting date.
About Kodiak Energy
Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly
traded oil and gas exploration and development company focused on
creating a portfolio of North American assets that offer production
opportunities and asset growth through exploration. Kodiak has lease
holdings in Montana, southeastern Alberta, northeastern Alberta and
high impact prospects located in the central Mackenzie River Valley of
the Northwest Territories, Canada and in northeastern New Mexico as
well as a proposed acquisition of Brink Energy via plan of arrangement
for properties in southwestern Manitoba, which will provide immediate
cash flow to support ongoing development activities.
Forward-Looking Statements
This press release may contain forward-looking statements. The words
or phrases "would be," "will" "intends to," "will likely result," "are
expected to," "will continue," "is anticipated," "estimate," or similar
expressions are intended to identify "forward-looking statements." The
Corporation's business is subject to various other risks, which are
discussed in the Corporation's filings with the US Securities and
Exchange Commission and with Canadian securities commissions. The
Corporation's filings may be accessed at www.sec.gov or at www.sedar.com.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Corporation
cautions readers not to place reliance on such statements. Unless
otherwise required by applicable law, we do not undertake, and we
specifically disclaim any obligation, to update any forward-looking
statements to reflect occurrences, developments, unanticipated events
or circumstances after the date of such a statement.
