Press release from CNW Group
STERLING RESOURCES ANNOUNCES APPOINTMENT OF LEGAL AND GENERAL COUNSEL
Monday, March 28, 2011
CALGARY, March 28 /CNW/ - Sterling Resources Ltd. ("Sterling" or the "Company") (TSXV: SLG) is pleased to announce that effective April 11, 2011 Robin Clarkson will join the Company in the role of Head of Legal and General Counsel. Mr. Clarkson joins the Company from Paull & Williamsons LLP, one of Scotland's leading commercial law firms, where he has been a partner for 17 years. He has significant experience in a broad spectrum of legal and commercial aspects of the oil and gas sector and has been associated with Sterling for a number of years. Mr. Clarkson holds an LLB (Hons) from the University of Aberdeen and an LLM from the Osgoode Hall Law School at York University in Toronto.
"Robin is not new to Sterling, but his appointment as the head of our legal function reflects the Company's continued growth plans. His relevant knowledge and experience make him a valuable member of the management team as we continue to move forward with new initiatives and projects," stated Mike Azancot, Sterling's President and CEO.
Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania, France and the Netherlands. The shares are listed and posted for trading on the TSX Venture Exchange under the symbol "SLG".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Filer Profile No. 00002072
All statements included in this press release that address activities, events or developments that Sterling expects, believes or anticipates will or may occur in the future are forward-looking statements. In addition, statements relating to reserves or resources are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions that the reserves and resources described can be profitably produced in the future.
These forward-looking statements involve numerous assumptions made by Sterling based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other-forward looking statements will prove inaccurate, certain of which are beyond Sterling's control, including: the impact of general economic conditions in the areas in which Sterling operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations. Readers should also carefully consider the matters discussed under the heading "Risk Factors" in the Company's Annual Information Form.
Undue reliance should not be placed on these forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Sterling's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. These statements speak only as of the date of the press release. Sterling does not intend and does not assume any obligation to update these forward-looking statements except as required by law.
Financial outlook information contained in this press release about prospective results of operations, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available. Readers are cautioned that such financial outlook information contained in this press release should not be used for purpose other than for which it is disclosed herein.
For further information:
For further information: visit www.sterling-resources.com or contact:
Mike Azancot, President and Chief Executive Officer, Phone: 44-1330-826764, Mobile: 44-7740-432883, email@example.com
David Blewden, Chief Financial Officer, Phone: 44-1330-826766, Mobile: 44-7771-740804, firstname.lastname@example.org.
George Kesteven, Manager, Corporate and Investor Relations, Phone: (403) 215-9265, Fax: (403) 215-9279, email@example.com