ROLLAND ENERGY ANNOUNCES NEW DIRECTOR
20080128_new-director-options-issuanceMontreal, Quebec, January 28, 2008 – Rolland Energy Inc. (TSX-V: ROE, the “Corporation”), an emerging oil and gas corporation, today announced that Mazen Haddad will join its Board of Directors effective January 28, 2008. “Mazen is a widely respected and experienced fund manager and public company director who brings valuable added expertise and experience to Rolland Energy”, said Michael McLellan President and CEO of the Corporation.
Mr. Haddad is currently President of Township Capital Inc., where he administers an investment fund. He is also Chairman of SGI Properties Canada Fund LP, a private REIT and Vice-President of SGI Capital Corp., a private investment company.
“Rolland Energy has come through the most difficult aspects of its restructuring plan, and is positioning itself to take advantage of new opportunities for growth and value-creation”, said Mr. Haddad.
The Corporation has also announced that it has issued stock options to several directors to purchase an aggregate of 1,536,699 common shares with an exercise price of $0.10 expiring on the earlier of January 28, 2013 or 90 days following the end of employment with the Corporation.
ABOUT ROLLAND ENERGY INC. – www.rollandenergy.com
Rolland Energy is a light crude oil producer based in south-western Manitoba, building shareholder value through growth by combining low-risk drilling and strategic acquisitions.
For more information, please contact:
Rolland Energy Inc.
Michael McLellan, CEO & President, +1.514.333.9292
The TSX Venture Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this press release.
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