Cardiff Energy appoints Roberge to board

2014-08-07 08:53 ET - News Release


Mr. Jack Bal reports


Cardiff Energy Corp. has appointed Jay Roberge to the board of directors effective Aug. 6, 2014. Mr. Roberge has nearly 20 years of business and public company experience, having served in several executive management and board positions with various private and public companies. In these roles he has provided management, strategic consulting, M&A advisory and financing services to early stage companies in the energy, resource and tech sectors. Mr. Roberge is currently a Director of Equitas Resources Corp. a junior exploration company, focused on copper/gold exploration for Zijin Mining Group - China's largest gold producer - and Red Oak Mining Corp. He is also an Associate Partner to Zimtu Capital Corp., which generates and originates exploration opportunities and has a portfolio of over fifty publicly listed companies in the resource sector. Mr. Roberge will join the board of directors of the Company as an independent director, and will assist with the identification of suitable resource project opportunities and financing for the continued growth of the company.The current board of directors will remain the same and continue to be led by experienced oil and gas executives. Mr. Roberge's appointment as a Director is subject to TSX Venture Exchange approval.The Company's financing announced on June 12, 2014 for 6 million units at $0.05 is fully subscribed and is being submitted to the TSX Venture Exchange for approval.The Company wishes to announce that it has granted 2,400,000 common shares pursuant to incentive stock options under the Company's Rolling Stock Option Plan, this Plan received shareholder approval at its last Annual General Meeting held June 27, 2014. The options granted will be set for a five year period expiring August 6, 2019 at the exercise price of $0.08 per share. This transaction is subject to TSX Venture Exchange approval.

Further to our July 15, 2014 news release, pre-drilling site preparation is underway at the location in Runnels County, Texas. As drilling commences at this location Cardiff will provide updated progress and results. The drilling rig contracted for this well is currently drilling at another site, it will move to our location after it is released from its current drilling contract.

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