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Re: News Releases - Tuesday, January 26, 2010
Verona Development Announces Resignation of Director and
Establishes Board Committees
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Vancouver, British Columbia, January 26, 2010 -- Verona Development
Corp. (TSX.V: VDC) announces that Alexander Korelin resigned from its
board of directors on January 25, 2010, with immediate effect.
The board has four members following his resignation: Rod Husband,
Juraj Adamec, Daniel Pisenti, and Rudy Brauer.
Al Korelin stepped down as director after assisting the Company in
seeking out well-qualified directors with years of experience in
financing and mining.
Rod Husband, interim President and CEO stated, "We appreciate the
service rendered by Al over the past years and his desire for the
success of the Company."
The new board has appointed an Audit Committee for the ensuing year,
consisting of Daniel Pisenti as Chair, Rudy Brauer, and Rod Husband.
The board also established a Compensation Committee, a Corporate
Governance Committee, and a Nomination Committee.
Verona Development is an emerging oil and gas company focused on
creating shareholder wealth through acquisition and ongoing exploration
and development of energy based investments in global markets.
On Behalf of the Board of Directors
VERONA DEVELOPMENT CORP.
Signed "Rod Husband"
Rod Husband, P.Geo.
Director
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@veronacorp.com or visit our Website: www.veronacorp.com
Neither the 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.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
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Copyright (c) 2010 VERONA DEVELOPMENT CORP. (VDC) All rights reserved.
For more information visit our website at http://www.veronacorp.com/
or send mailto:info@veronacorp.com
Message sent on Tue Jan 26, 2010 at 3:28:55 PM Pacific Time
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Verona Development Corp.
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CODE : VDC.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Verona Development is a oil development stage company based in Canada. Verona Development produces oil, natural gas in China, and holds various exploration projects in Canada. Its main asset in production is SHILOUBEI CBM in China and its main exploration property is GAINSBOROUGH SOUTH in Canada. Verona Development is listed in Canada. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.6 millions, € 1.2 millions). Its stock quote reached its highest recent level on May 31, 2006 at CA$ 1.40, and its lowest recent point on December 04, 2008 at CA$ 0.05. Verona Development has 32 964 717 shares outstanding. |