CALGARY, Alberta, Feb. 16, 2018 (GLOBE NEWSWIRE) --
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Bayshore Petroleum Corp. (“Bayshore” or the “Company”) (TSX VENTURE:BSH) announces the appointment of a Mr. Po Kwong (Ivan) Chan as Director of Finance in Hong Kong effective immediately. Mr. Chan is a businessman resident in Hong Kong, and a director of several private companies located in Hong Kong and throughout Asia. This included Dutfield Consultants Ltd., Morag Investments Limited, and other companies in Hong Kong and overseas. Mr. Chan brings decades of financial and strategic banking expertise to Bayshore, and the Company is pleased to have him working as executive director in lieu of more financial and operation business development in Hong Kong. Meantime, Bayshore’s Director, President and Chief Financial Officer Mr. Mark Roth will be resigning effective immediately. The Chairman/CEO Mr. Peter Ho will act as temporary CFO until a new CFO is appointed.
On behalf of the Board of Directors
BAYSHORE PETROLEUM CORP.
"Peter Ho"
Chairman and CEO
Bayshore Head Office:
PHONE +1403 265 8820
ccc@bayshorepetroleum.com
340-600 Crowfoot Crescent
Calgary, Alberta, T3G 0B4, Canada
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statements
Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. This press release may also contain forward-looking or subjective information regarding technology, processes, and the oil and gas industry. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining and oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, technology and technology implementation, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.