CALGARY, ALBERTA–(Marketwired – Jan. 4, 2016) –
Artisan Energy Corporation (“Artisan” or the “Corporation“) (TSX VENTURE:AEC), announces that effective immediately, Mr. Rick Ironside has resigned as President and CEO, and from the Board of Directors of the Corporation, in order to pursue other opportunities. On behalf of the Board of Directors, we wish Mr. Ironside success with his new endeavours.
Artisan is pleased to announce that Mr. Rick Young has been appointed as Interim President & CEO. Mr. Young has held the role of Chief Operating Officer and has been on the Board of Directors of the Corporation since its inception. Mr. Young is a Professional Geologist and has over 30 years of experience with junior oil and gas producers.
Effective January 1, 2016, Artisan has undertaken reductions to its ongoing general and administrative expenses, including the remaining members of the management team reducing their monthly fees, and is actively pursuing various potential restructuring and/or recapitalization alternatives.