CALGARY, ALBERTA–(Marketwired – April 22, 2014) – Further to the press release dated April 7, 2014 regarding the proposed sale of its Vawn Heavy Oil property in Saskatchewan, Century Energy Ltd. (“Century”) (TSX VENTURE:CEY) is pleased to announce that it received shareholder approval for the sale of these assets to a third party for a cash consideration of $475,000 at its Annual and Special Meeting held April 17, 2014 in Calgary.
Century will now conduct a review of its strategic options going forward.
Century also announces the resignation of Brian J. McBeath as Director and the appointment of George C. Tai of Carscallen LLP, Calgary, Alberta as Director, effectively immediately. Jimmy McCarroll, President and CEO of Century commented: “We are sorry to lose the services of Brian as a Director. Brian’s technical expertise will be greatly missed, and he was responsible for the generation and exploration success of Century’s Vawn Property.”
Century Energy Ltd. is an oil and gas exploration company pursuing opportunities in Canada and the United States.
Century Energy Ltd.
President and CEO