Symbol & exchange: FGE-V
CALGARY, April 20, 2012 /CNW Telbec/ - Forest Gate (TSXV: FGE) 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.
MICHAEL JUDSON, PRESIDENT & CEO
1-866-666-3040
[email protected]
WWW.FORESTGATE.CA
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