Desmarais Energy Corporation

Published : December 24th, 2014

Desmarais Announces Receipt of Notice of Intention to Enforce Security and Resignation of Officers

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Desmarais Announces Receipt of Notice of Intention to Enforce Security and Resignation of Officers

CALGARY, ALBERTA--(Marketwired - Dec 23, 2014) - Desmarais Energy Corporation (TSX VENTURE:DES) (the "Corporation") advises that Doug Robinson has resigned as President and Chief Executive Officer of the Corporation, and as a Director of the Corporation, effective immediately. Further, the Corporation has received a Notice of Intention to Enforce a Security under Rule 124 of the Bankruptcy and Insolvency Act (Canada) (the "Notice of Intention") from 323 Holdings Ltd. ("323 Holdings"), a company controlled by Doug Robinson, outlining that 323 Holdings intends on enforcing its security over the Corporation's assets and that the total amount of indebtedness owed to it by the Corporation and secured by such security is $3,000,000. The Notice of Intention also states that 323 Holdings will not be entitled to enforce the noted security until after January 3, 2015.

The Corporation also announces that James Long has resigned as the Chief Financial Officer of the Corporation, effectively immediately. Mr. Long remains a director of the Corporation.

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.

Read the rest of the article at finance.yahoo.com
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Desmarais Energy Corporation

CODE : DES.V
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Desmarais Energy is a exploration company based in Canada.

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Nominations of Desmarais Energy Corporation
3/21/2014s Activity, Appoints CFO
Financials of Desmarais Energy Corporation
5/31/2014Files March 31, 2014 First Quarter Financial Statements and ...
5/1/2014Files December 31, 2013 Annual Financial Statements, MD&A, a...
8/29/2013Files June 30, 2013 Second Quarter 2013 Financial Statements...
5/29/2013Files March 31, 2013 First Quarter 2013 Financial Statements...
5/29/2013Files March 31, 2013 First Quarter 2013 Financial Statements...
4/30/2013s Activity, Files December 31, 2012 Annual Financial Stateme...
Corporate news of Desmarais Energy Corporation
12/24/2014IIROC Trading Halt - DES
12/24/2014Desmarais Announces Receipt of Notice of Intention to Enforc...
11/27/2014Desmarais Files September 30th, 2014 Third Quarter Financial...
8/29/2014Desmarais Files June 30, 2014 Second Quarter Financial State...
5/31/2014Desmarais Files March 31, 2014 First Quarter Financial State...
5/1/2014Desmarais Files December 31, 2013 Annual Financial Statement...
3/21/2014Desmarais Updates Activity, Appoints CFO
6/17/2013Issues Share Purchase Options
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