27 May 2016 07:00
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Ithaca Energy Inc.
Notice of Annual General Meeting & Board Changes
27 May 2016
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that the Company's Annual General Meeting ("AGM") of shareholders is to be held on 22 June 2016 in Calgary, Alberta, Canada. Mr Jack Lee, Non-Executive Chairman, will be retiring from the Board following the AGM, as will Mr Frank Wormsbecker (Non-Executive Director). Mr Brad Hurtubise, currently a Non-Executive Director of Ithaca, is proposed to succeed Mr Lee as Chairman. These changes will result in the number of Directors on the Board reducing from nine to seven.
Les Thomas, Chief Executive Officer, commented:
"Jack and Frank have been on the Board of Ithaca since 2008 and 2006 respectively. Their counsel and contributions have been significant in the successful transformation of the company from a small North Sea start-up to one of the leading independent operators in the basin today. On behalf of all of the Board I would like to thank them for their contributions and wish them both the very best for the future".
Annual General Meeting Notice
The Company confirms that the AGM Information Circular, dated 20 May 2016, has been mailed to registered shareholders. The AGM will be held on Wednesday 22 June 2016 at 3:00pm (Calgary time) in the Strand/Tivoli Room at the Metropolitan Conference Centre, 333 - 4th Avenue S.W., Calgary, Alberta, Canada. A copy of the Information Circular is available on the Company's website (www.ithacaenergy.com) and on SEDAR (www.sedar.com).
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Enquiries:
Ithaca Energy
Graham Forbes gforbes@ithacaenergy.com +44 (0)1224 652 151
Richard Smith rsmith@ithacaenergy.com +44 (0)1224 652 172
FTI Consulting
Edward Westropp edward.westropp@fticonsulting.com +44 (0)203 727 1521
Tom Hufton tom.hufton@fticonsulting.com +44 (0)203 727 1625
Cenkos Securities
Neil McDonald nmcdonald@cenkos.com +44 (0)207 397 1953
Nick Tulloch ntulloch@cenkos.com +44 (0)131 220 9772
Beth McKiernan bmckiernan@cenkos.com +44 (0)131 220 9778
RBC Capital Markets
Daniel Conti daniel.conti@rbccm.com +44 (0)207 653 4000
Matthew Coakes matthew.coakes@rbccm.com +44 (0)207 653 4000
About Ithaca Energy
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States