Jericho Oil Retains Market Maker, Appoints Benjamin Holman as Interim CFO
April 23 2018 - 12:30PM
Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF)
announces that it has retained Toronto based Trapeze Capital Corp.
to provide market-making services in accordance with TSX Venture
policies.
Under the terms of the agreement (the "Agreement"), Trapeze will
receive cash compensation of $5,500 per month. Trapeze
does not currently own any securities of Jericho, however, Trapeze
and its clients may acquire a direct interest in the securities of
Jericho. Jericho and Trapeze are unrelated and unaffiliated
entities, and the principals of Trapeze are Herb
Abramson, Randall Abramson and Adam Abramson.
Trapeze is a member of the Investment Industry Regulatory
Organization of Canada, a participating organization of TSX
and a member of TSX-V. The capital and securities required for any
trade undertaken by Trapeze as principal will be provided by
Trapeze. The Agreement is for an initial term of 180 days, with
automatic renewals for a further 180 days unless terminated.
The Company also announces that due to an extended medical leave
of its Chief Financial Officer, Robin Peterson, it has appointed
Benjamin Holman as interim CFO of Jericho.
Mr. Holman, based in Tulsa, Oklahoma, has more than 17 years’
experience in accounting and business administration in the oil and
gas industry, including senior positions at Apco Oil and Gas
International Inc., a former subsidiary of The Williams Companies
and WPX Energy. He has been working with Jericho at its Tulsa
operational headquarters since November 2017. Mr. Holman is a CPA,
with a MAcc, B.S. and BSBA, all from the University of Tulsa.
About Jericho Oil Corporation Jericho Oil
(www.jerichooil.com) is focused on domestic, liquids-rich
unconventional resource plays, located primarily in the Anadarko
basin STACK play of Oklahoma. Jericho’s primary business
objective is driving long-term shareholder value through the growth
of oil and gas production, cash flow and reserves. Jericho
has assembled a 55,000 net acre position across Oklahoma, including
an interest in 14,000 net acres in the STACK play.
Jericho’s current operations are focused on the oil-prone
Meramec and Osage formations in the STACK. The Jericho team
applies advanced engineering analyses and enhanced geological
techniques to under-developed resource areas.
Based in Vancouver, British Columbia, with operational
headquarters in Tulsa, Oklahoma, Jericho trades publicly on the
TSX-Venture (TSX-V:JCO) and OTC (OTC PINK:JROOF).
Cautionary Note Regarding Forward-Looking Statements: This news
release includes certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and Canadian securities laws. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual events
and results to differ materially from Jericho's expectations
include risks related to the exploration stage of Jericho's
project; market fluctuations in prices for securities of
exploration stage companies; and uncertainties about the
availability of additional financing.
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.
CONTACTS:
Tony Blancato, Director, Investor Relations918.986.7616
or
Adam Rabiner, Director, Corporate
Communications1.800.750.3520investorrelations@jerichooil.com
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