Forest Gate Hires New CFO
April 18 2012 - 4:26AM
PR Newswire (Canada)
Symbol & exchange: FGE-V CALGARY, April 20, 2012 /CNW Telbec/ -
Forest Gate reports that Nancy Guitard has taken over as the
company's Chief Financial Officer. Derek Lindsay, Forest Gate's
former CFO, has resigned. Ms. Guitard has been handling Forest
Gate's accounting since 2004. Ms. Guitard also worked in the
accounting department of Blue Note Mining, a former subsidiary of
the company. Ms. Guitard is a founder of Ledgers Solutions Inc.,
Montreal, an accounting consultancy and Finger Communications, a
printing brokerage. "Ms. Guitard has been with Forest Gate since
the beginning," said Michael Judson, President and CEO. "She is
exceedingly experienced in the accounting side of our business and
is highly versed at dealing with auditors." Derek Lindsay has
resigned to pursue other opportunities. "Derek is a great guy and a
highly competent CFO. We will miss him." In other news, Forest Gate
wishes to report that its mineral exploration group continues to
make progress in its search for financing and joint venture
partners for its 100 percent-owned iron ore projects in Abitibi,
Quebec. About Forest Gate Forest Gate Energy Inc. is a publicly
listed oil and gas exploration and production, and non-energy
resource company trading on the TSX Venture Exchange under the
symbol FGE. The Company is seeking to increase shareholder value
through participation and development of energy and other resources
in Canada and internationally. FORWARD-LOOKING STATEMENTS Certain
statements regarding Forest Gate, including management's
assessments of future plans and operations and Forest Gate's
anticipated financial performance, may constitute forward-looking
statements under applicable securities laws and necessarily involve
known and unknown risks and uncertainties, most of which are beyond
Forest Gate's control. These risks may cause actual financial and
operating results, performance, levels of activity and achievements
to differ materially from those expressed in, or implied by, such
forward-looking statements. Such factors include, but are not
limited to: the impact of general economic conditions in Canada and
the United States; industry conditions including changes in laws
and regulations including adoption of new environmental laws and
regulations, and changes in how they are interpreted and enforced;
competition; the lack of availability of qualified personnel;
fluctuations in commodity prices; the results of exploration and
development drilling and related activities; imprecision in reserve
estimates; the production and growth potential of Forest Gate's
various assets; fluctuations in foreign exchange or interest rates;
the ability to access sufficient capital from internal and external
sources; and obtaining required approvals of regulatory
authorities. Neither TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
the accuracy of this release. FOREST GATE ENERGY INC. CONTACT:
MICHAEL JUDSON, PRESIDENT &
CEO1-866-666-3040MJUDSON@FORESTGATE.CAWWW.FORESTGATE.CA
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