New Sage Energy Reports Results of Annual Meeting
September 21 2011 - 4:00PM
Marketwired
New Sage Energy Corp. (TSX VENTURE: NSG) ("New Sage" or the
"Corporation") is pleased to announce that at its annual general
meeting (the "Meeting") held on September 20, 2011, the
shareholders approved all resolutions placed before them by
management, including the election of directors, the appointment of
auditor, and the reaffirmation of the Company's stock option plan.
The Shareholders elected John Carlesso, Marc T. Bamber, Douglas
M. Stuve, Douglas Bartole and David A. Terry to serve as directors
of the Company. As of the close of the Meeting, the Company's board
is constituted of a majority of independent directors.
The shareholders appointed McGovern, Hurley, Cunningham, LLP as
the Company's auditors and authorized the Directors to fix the
remuneration.
The shareholders reaffirmed the Company's stock option plan,
which provides for the issuance of options to acquire up to 10% of
the Company's issued and outstanding Common Shares.
About New Sage
New Sage is a Canadian oil and gas exploration and development
company with a focus on opportunities in the US Gulf States region
and Latin America. New Sage is building a portfolio of production,
through exploration and development opportunities, with established
joint venture partners.
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks and uncertainties. Forward-looking statements or
information are based on current expectations, estimates and
projections that involve a number of risks and uncertainties which
could cause actual results to differ materially from those
anticipated by New Sage. The forward-looking statements or
information contained in this news release are made as of the date
hereof and New Sage does not undertake any obligation to update
publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
The securities of New Sage being offered have not been, nor will
be, registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold within the United States or
to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from U.S. registration
requirements. This release does not constitute an offer for sale of
securities in the United States.
Neither the TSX Venture nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: New Sage Energy Corp. John Carlesso President &
CEO 416-309-4324 info@newsage.ca
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