SALE OF BORDEAUX ALASKA HOLDINGS, INC.
The sale is subject to approval by the TSX Venture Exchange and other customary closing conditions.
ENTERPRISE ENERGY RESOURCES LTD.
Per: "Geoffrey Carrington"
President & CEO
For further information please contact:
Investor Relations: 1-604-639-4672
Email: info@eerl.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements". Such forward-looking statements, including but not limited to those with respect to the closing of the sale, uncertainties and other factors which may cause the actual results, performance or achievements of EER to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although EER has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Stock Options Granted
ENTERPRISE ENERGY RESOURCES LTD.
Per: "Geoffrey A. Carrington"
President & CEO
For further information please contact:
Investor Relations: 1-604-639-4672
Email: info@eerl.ca
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Bordeaux Energy Inc. Proceeds With Name Change And Share Consolidation And Appoints New CFO
Bordeaux Energy Inc. (TSXV: BDO) (the "Company") announces that effective as of the opening of trading on Monday November 10, 2008, the Company will complete its name change to "Enterprise Energy Resources Ltd.", commence trading under the symbol "EER" and consolidate its common share capital on the basis of one post-consolidation common share for every thirty pre-consolidation common shares held.
The name change and share consolidation were approved by shareholders at the Company's Annual and Special Meeting on Thursday, August 28, 2008. Prior to the consolidation, the Company had 151,279,112 common shares outstanding, and the Company will have approximately 5,042,637 common shares outstanding post-consolidation. The consolidation has been accepted by the TSX Venture Exchange.
Letters of transmittal with respect to the consolidation were mailed out to all registered shareholders with the Annual and Special Meeting material. All registered shareholders of the Company will be required to send their certificates representing pre-consolidation common shares with a properly executed letter of transmittal to the Company's transfer agent, Equity Transfer & Trust Company in Toronto, Ontario ("Equity Transfer") (Shareholder Services 1-416-361-0152 or toll free 1-866-393-4891 or investor@equitytransfer.com). Additional copies of the letter of transmittal can be obtained through Equity Transfer. All shareholders who duly complete letters of transmittal and submitted their pre-consolidation common share certificates to Equity Transfer will receive post-consolidation common share certificates. No certificates representing fractional post-consolidation common shares will be issued pursuant to the consolidation. All fractional shares resulting from the consolidation will be rounded down to the nearest whole number and no cash consideration will be paid in respect of fractional shares.
The Company is also pleased to announce the appointment of Danny Lee as Chief Financial Officer of the Company. Mr. Lee is a Chartered Accountant with over 10 years of experience in the resource sector, and he is the CFO of LNG Energy Ltd., an oil and gas exploration company with interests in Papua New Guinea. Previously, Mr. Lee served as CFO of Transeuro Energy Corp. which has operations in Papua New Guinea, Ukraine, Armenia and Canada. The Company also announces that Kathleen Butt has resigned as the Company's Chief Financial Officer. The Company thanks Ms. Butt for her contributions to the Company.
Forward-Looking Statements:
Certain statements contained in this press release are not based on historical facts and may constitute forward-looking statements or forward-looking information within the meaning of applicable law. These statements appear in a number of different places herein and can be identified by words such as "will", "anticipates", "expects", "intends", or other comparable words. Forward-looking statements and information include statements regarding the completion of the name change and share consolidation and other statements, and are subject to risk, uncertainties, and other factors, that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements or information. See the Company's filings with the Canadian securities commissions for additional information on risks and uncertainties relating to the forward-looking statements and information. Many of these factors are beyond the control of the Company. Consequently, all forward looking statements and information made herein, are qualified by this cautionary statement. The Company disclaims any intention or obligation to revise or update such statements or information except as may be required by law.
This release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The Common Shares and the other securities referred to herein have not been registered under the United States Securities Act of 1933, as amended, and they may not be offered or sold in the United States absent registration or an applicable exemption from registration.
BORDEAUX ENERGY INC.
Per: "Geoffrey Carrington"
President & CEO
For further information please contact:
Investor Relations: 1-604-639-4672
Email: info@bordeauxenergy.net
Bordeaux Energy Inc. Proposes Share Consolidation And Name Change
The Company's shareholders will be asked to approve a share consolidation on a 30 for 1 basis, or on such lesser basis as may be necessary in order to meet TSX Venture Exchange (the "Exchange") listing and distribution requirements. Such a share consolidation would reduce the number of outstanding shares and the holdings of each shareholder on a 30 to 1 basis. The 151,279,112 shares of the Company that are currently outstanding would be reduced to approximately 5,042,637 shares. The share consolidation is subject to shareholder approval and Exchange acceptance.
In the opinion of the Company's management, the consolidation is necessary as the current share structure of the Company will make it more difficult or impossible for the Company to attract the additional equity financing required to maintain the Company or to allow for the acquisition of new projects of merit. No fractional shares will be issued. Any fractions of a share will be rounded down to the nearest whole number of common shares. Implementation of the share consolidation does not have an effect on the actual or intrinsic value of the business of the Company.
The Company will also be seeking shareholder approval of a name change at the Meeting. The proposed name change is subject to Exchange acceptance.
In the opinion of the Company's management, the consolidation is necessary as the current share structure of the Company will make it more difficult or impossible for the Company to attract the additional equity financing required to maintain the Company or to allow for the acquisition of new projects of merit. No fractional shares will be issued. Any fractions of a share will be rounded down to the nearest whole number of common shares. Implementation of the share consolidation does not have an effect on the actual or intrinsic value of the business of the Company.
The Company will also be seeking shareholder approval of a name change at the Meeting. The proposed name change is subject to Exchange acceptance.
Forward-Looking Statements:
Certain statements contained in this press release are not based on historical facts and may constitute forward-looking statements or forward-looking information within the meaning of applicable law. These statements appear in a number of different places herein and can be identified by words such as "will", "anticipates", "expects", "intends", or other comparable words. Forward-looking statements and information include statements regarding the trading of the Warrants and other statements, and are subject to risk, uncertainties, and other factors, that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements or information. See the Company's filings with the Canadian securities commissions for additional information on risks and uncertainties relating to the forward-looking statements and information. Many of these factors are beyond the control of the Company. Consequently, all forward-looking statements and information made herein, are qualified by this cautionary statement. The Company disclaims any intention or obligation to revise or update such statements or information except as may be required by law.
This release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The Common Shares and the other securities referred to herein have not been registered under the United States Securities Act of 1933, as amended, and they may not be offered or sold in the United States absent registration or an applicable exemption from registration.
BORDEAUX ENERGY INC.
Per: "Geoff Carrington"
President & CEO
For further information please contact:
Investor Relations: 1-604-639-4672
Email:
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
No Material Change
NEWSWIRE SERVICES
Bordeaux Energy Inc. ("Bordeaux") (TSX Venture: BDO) wishes to announce that it is unaware of the reason for the recent shift in the trading pattern of its shares and the increase in its share price.
For further details about Bordeaux please visit Bordeaux's website www.bordeauxenergy.net
BORDEAUX ENERGY INC.
Per: "Geoff Carrington"
President & CEO
For further information please contact:
Investor Relations: 1-604-639-4672
Email: info@bordeauxenergy.net
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release