This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Result Energy enters reorganization and investment deal 2009-11-06 09:09 ET - News Release Mr. William Matheson reports RESULT ENERGY INC. ANNOUNCES RECAPITALIZATION TRANSACTION AND NEW MANAGEMENT TEAM Result Energy Inc. has entered into a reorganization and investment agreement that provides for a non-brokered private placement of up to $26-million, the appointment of a new management team and board of directors, and a rights offering to the current holders of Result common shares (collectively, the transaction). The new management team comprises individuals who formerly led the successful TriStar Oil & Gas Ltd. It is anticipated that the shareholders of Result will be asked to approve a change of the company's name to TOG Oil & Gas Ltd. at the next meeting of shareholders.
The new management team will be led by Brett Herman as president and chief executive officer; Jason Zabinsky as vice-president, finance, and chief financial officer; Graham Kidd as vice-president, engineering; Eric Strachan as vice-president, exploration; Jeremy Wallis as vice-president, land; Mike Wihak as vice-president, operations; and Filippo Angelini as controller. The remainder is available to Stockwatch subscribers.
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