CYGAM Announces Appointment of Director
July 31 2014 - 4:46PM
Marketwired Canada
CYGAM Energy Inc. (TSX VENTURE:CYG) ("CYGAM", or the "Company"), an emerging oil
and gas company with interests in Tunisia and Italy, is pleased to announce the
appointment of Mr. Stephen Nikiforuk as a director of the Company.
Mr. Nikiforuk is an experienced financial executive and director and has been
the owner and President of MyOwnCFO Professional Corporation and MyOwnCFO Inc.
since July 2009. From January 2005 to March 2008 he was Vice President, Finance
and Chief Financial Officer of Cadence Energy Inc. (formerly Kereco Energy Ltd.)
and the Vice President, Finance and Controller of Ketch Resources Ltd from
September 2002 to January 2005. Both were very active public oil and gas
companies. Mr. Nikiforuk has been a director of Whitecap Resources Inc. from
September 2009 and is a director of two other private companies, all in the oil
and gas sector. He also serves on two not for profit boards. He is a Chartered
Accountant has also completed the Directors Education Program, jointly developed
by the Institute of Corporate Directors (ICD) and Rotman School of Management,
and has earned his ICD.D designation.
Mr. Nikiforuk will become the Chairman of the Audit Committee of CYGAM and will
also be a member of the Compensation and Reserves Committees.
Giuseppe Rigo, Chairman of CYGAM stated: "We are very pleased to have Stephen
join the Company as a director. He brings to the Company his extensive business
and financial experience and we look forward to his contribution to CYGAM's
future."
About CYGAM Energy Inc.
CYGAM is a Calgary based exploration company with extensive international
exploration permits and a producing property in Tunisia. The main focus of CYGAM
is the acquisition, exploration and development of international oil and gas
permits, primarily in Italy and Tunisia. CYGAM currently holds various interests
in five exploratory permits in Italy plus two exploratory permits and the BBT
Production Concession in Tunisia which together encompass a total of
approximately 1.4 million gross acres.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
CYGAM Energy Inc
David Taylor
President and Chief Executive Officer
403 605 5117
david.taylor@cygamenergy.com
CYGAM Energy Inc
Al Robertson
Chief Financial Officer
403 452 6883
al.robertson@cygamenergy.com
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