VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 7, 2015) – Westbridge Energy Corporation (TSX VENTURE:WEB) (OTC PINK:WEGYF) (FRANKFURT:PUQ1) (“Westbridge” or the “Company“) reports Mr. Kevin Broger has been appointed technical advisor to the Company, effective immediately. Mr. Broger is a veteran oil and gas explorationist and currently President of Out Front of the Curve, an upstream advisory firm focused on the evaluation of oil and gas projects globally. With over 28 years of technical and managerial experience, Mr. Broger is a geoscientist with both geological and geophysical interpretive backgrounds, and extensive international experience within the sedimentary basins of South America and Africa. He previously held positions including CEO of HRT Canada, CEO of Chariot Oil and Gas, and Team Lead of Brazilian New Ventures for EnCana (a leading Canadian oil and natural gas producer). Mr. Broger graduated from the University of Waterloo with a Bachelor of Science (honours) degree in Geology with a minor degree in Economics. He has published and presented multiple technical pieces focused on petroleum system exploration and development.
Option Grant and Share for Debt
Westbridge reports the granting of incentive stock options to purchase up to an aggregate of 150,000 common shares in its capital stock, at a price of $0.05 per share, exercisable for a period of five years.
Further to the news release dated March 12, 2015, Westbridge also reports it has settled $72,450 of debt owed to an entity controlled by the President and CEO of the Company by issuance of 600,000 common shares of the Company at a deemed price of $0.12 per share. The common shares issued pursuant to this debt settlement are subject to a hold period expiring July 13, 2015.
Management Commentary
Mr. Darren Collins, President and CEO of Westbridge, comments: “Mr. Broger is a highly experienced oil and gas executive that will be of considerable value to our Company going forward. On behalf of the executive and board of Westbridge, I welcome him to our team.”
For additional information readers are invited to review additional corporate and property information available at Westbridge’s website at: www.westbridgeweb.com
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.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of the British Columbia Securities Act, the Alberta Securities Act and the Ontario Securities Act. Generally, the words “expect”, “intend”, “estimate”, “will” and similar expressions identify forward-looking information. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking information. Statements in this press release regarding Westbridge’s business or proposed business, which are not historical facts, are forward-looking information that involve risks and uncertainties, such as estimates and statements that describe Westbridge’s future plans, objectives or goals, including words to the effect that Westbridge or management expects a stated condition or result to occur. Since forward-looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s oil and gas properties. The foregoing commentary is based on the beliefs, expectations and opinions of management on the date the statements are made. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Westbridge Energy Corporation
Darren Collins
President and Chief Executive Officer
+1 604 638 9378
dcollins@westbridgeweb.com