CALGARY, ALBERTA–(Marketwired – July 31, 2014) – CYGAM Energy Inc. (TSX VENTURE:CYG) (“CYGAM”, or the “Company”), an emerging oil and gas company with interests in Tunisia and Italy, is pleased to announce the appointment of Mr. Stephen Nikiforuk as a director of the Company.
Mr. Nikiforuk is an experienced financial executive and director and has been the owner and President of MyOwnCFO Professional Corporation and MyOwnCFO Inc. since July 2009. From January 2005 to March 2008 he was Vice President, Finance and Chief Financial Officer of Cadence Energy Inc. (formerly Kereco Energy Ltd.) and the Vice President, Finance and Controller of Ketch Resources Ltd from September 2002 to January 2005. Both were very active public oil and gas companies. Mr. Nikiforuk has been a director of Whitecap Resources Inc. from September 2009 and is a director of two other private companies, all in the oil and gas sector. He also serves on two not for profit boards. He is a Chartered Accountant has also completed the Directors Education Program, jointly developed by the Institute of Corporate Directors (ICD) and Rotman School of Management, and has earned his ICD.D designation.
Mr. Nikiforuk will become the Chairman of the Audit Committee of CYGAM and will also be a member of the Compensation and Reserves Committees.
Giuseppe Rigo, Chairman of CYGAM stated: “We are very pleased to have Stephen join the Company as a director. He brings to the Company his extensive business and financial experience and we look forward to his contribution to CYGAM’s future.”
About CYGAM Energy Inc.
CYGAM is a Calgary based exploration company with extensive international exploration permits and a producing property in Tunisia. The main focus of CYGAM is the acquisition, exploration and development of international oil and gas permits, primarily in Italy and Tunisia. CYGAM currently holds various interests in five exploratory permits in Italy plus two exploratory permits and the BBT Production Concession in Tunisia which together encompass a total of approximately 1.4 million gross acres.
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.
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