PEARL FILES AUDITED YEAR END
2007 FINANCIAL STATEMENTS, ANNUAL INFORMATION FORM AND MANAGEMENT INFORMATION
CIRCULAR
CALGARY, ALBERTA - Pearl Exploration and
Production Ltd.
("Pearl" or the "Company") (TSX Venture: PXX and First
North: PXXS) reports that it has filed the Company's Audited 2007 Year End
Financial Statements, Annual Information Form, Management Information Form
and Notice of Annual and Special Meeting to be held May 15, 2008 in accordance with
Canadian securities regulations. Copies of these documents may be
obtained through SEDAR at www.sedar.com.
The Company also informs that the holders of
Swedish Depository Receipts (”SDRs”) in Pearl as at March 31,
2008 are entitled to vote at the Annual and Special Meeting of shareholders.
Forms for registration to vote by proxy can be
ordered from E. �hman J:or Fondkommission AB
by telephone +46 8 402 51 32.
The forms should be returned to E. �hman J:or
Fondkommission
AB no later than May 5, 2008.
The Annual and Special Meeting will be held in
the Viking Room at the Calgary Petroleum Club, 319 – 5th Avenue S.W., Calgary,
Alberta, on Thursday, the 15th
day of May, 2008 at 10:00am. (Calgary
time) for the following purposes:
-
to
receive the audited consolidated financial statements of the Corporation for
the fifteen months ended December 31, 2007;
-
to
fix the Board of Directors of the Corporation at seven (7) members;
-
to
elect the Board of Directors for the ensuing year;
-
to
appoint PricewaterhouseCoopers LLP, Chartered Accountants, Calgary, Alberta, as
the auditors of the Corporation for the ensuing financial year and to authorize
the Board of Directors to fix their remuneration; and
-
to approve and adopt, with or without
modification, the ordinary resolution as more particularly set forth in the
Management Information Circular, relating to the ratification and confirmation
of the Corporation’s Stock Option Plan.
For further information, please
contact:
Keith Hill - President and Chief
Executive Officer
Tel.:
(604) 689-7842
E-mail:
khill@namdo.com
Randy Neely – Chief Financial
Officer
Tel: (403) 716-4054
E-mail:
randy.neely@pxx.ca
Sophia Shane – Corporate
Development
Tel: (604) 806-3575
E-mail: sophias@namdo.com
Pearl’s Certified Advisor on First
North is E. �hman J:or Fondkommission AB.
Company Registration Number:
409596-1
Forward-looking statements: This
document contains statements about expected or anticipated future events and
financial results that are forward-looking in nature and as a result, are
subject to certain risks and uncertainties, such as general economic, market
and business conditions, the regulatory process and actions, technical issues,
new legislation, competitive and general economic factors and conditions, the
uncertainties resulting from potential delays or changes in plans, the
occurrence of unexpected events, and the Company’s capability to execute
and implement its future plans. Actual results may differ materially from
those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning
of the Private Securities Legislation Reform Act of 1995.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release