Storm Cat Energy Corp. 1055 West Georgia Street Suite 3000 Vancouver, BC V6E 3R3 Canada - Map Phone: 604-250-2844 Fax: 604-266-8401 Web Site: http://www.stormcatenergy.com
Storm Cat Energy Corporation engages in the exploration and development of unconventional gas reserves from fractured shales, coal beds, and tight sand formations, including coalbed methane gas, as well as oil properties in Mongolia, Canada, and the United States. Its properties primarily include Northeast Spotted Horse Field, consisting of 111 producing wells covering approximately 6,320 gross acres located in the eastern portion of the Powder River Basin; and Jamison/North Twenty Mile Fields, covering approximately 1,481 acres and containing 28 producing wells located on the eastern flank of the Powder River Basin coalbed methane natural gas region in Campbell County, Wyoming. The company also owns 100% working interest in 3 petroleum and natural gas exploration leases covering approximately 22,161 acres located in the Cook Inlet region of Alaska. As of December 31, 2005, it had total proved net reserves on the Powder River Basin of approximately 10,010 million cubic feet. The company was founded in 2000. It was formerly known as Toby Ventures, Inc. and changed its name to Storm Cat Energy Corporation in 2004. Storm Cat Energy is headquartered in Denver, Colorado.
Storm Cat Energy Corporation Announces Annual Shareholders' Meeting; Approves All Business Friday June 30, 12:19 pm ET
CALGARY, Alberta and DENVER, June 30 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU - News; TSX: SME - News) is pleased to announce that the Company's shareholders approved all special and routine business matters submitted for their consideration at the annual general and special meeting held in Vancouver, B.C. yesterday afternoon. ADVERTISEMENT
Shareholders passed a special resolution amending the Articles of the Company to, among other things, create a class of Preferred Shares issuable in series. In addition, resolutions were adopted to: (i) give the directors the authority to seek additional equity financing over the coming year; (ii) adopt a Restricted Share Unit Plan; and (iii) to amend the Company's Share Option Plan to, among other things, increase the number of Common shares reserved for issuance under the Plan. Hein & Associates LLP were re-appointed auditors for the ensuing year, and the following persons were elected to the Company's Board of Directors: J. Scott Zimmerman, Michael O'Byrne, Robert D. Penner, Michael J. Wozniak, Robert J. Clark, David G. Wight, and Jon R. Whitney. Further particulars about the Company's annual meeting can be found in the Company's management proxy circular dated May 12, 2006.
At the Directors' meeting held immediately following the annual shareholders' meeting, the Directors appointed the following officers to serve for the ensuing year: J. Scott Zimmerman, President and Chief Executive Officer; Paul Wiesner, Secretary, Treasurer and Chief Financial Officer; Keith Knapstad, Vice-President, Operations (USA); and, Don Martin, Vice-President, Canada & International Operations. Other routine business was approved at the meeting of the Directors, including the appointment of members of the Audit, Compensation, and Nominating Committees, the creation of and appointment of members to an Executive Committee and the adoption of an Executive Committee Charter, and increasing the quorum requirement for Directors meetings. In addition, the Board approved amendments to the Company's equity compensation plans to bring them in line with the rules and policies of the Toronto Stock Exchange.
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploitation and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the Toronto Stock Exchange under the symbol "SME."
Storm Cat Energy Corporation Announces Approval of Toronto Stock Exchange Listing Tuesday June 27, 3:22 pm ET
CALGARY, Alberta and DENVER, June 27 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) today announced that effective June 29, 2006, shares of its common stock will commence trading on the Toronto Stock Exchange (TSX) under the symbol "SME." A total of 83,399,246 common shares of the Company will be listed on the TSX, of which 66,372,396 will be available for trading, with 17,026,850 common shares reserved for future issue. Trading of the Company's common shares on the TSX Venture Exchange (TSXV) will cease as of the close of trading on June 28, 2006 and will be de-listed from the TSXV at the market opening of the TSX on June 29, 2006. ADVERTISEMENT
In addition, common shares of Storm Cat Energy will continue to trade on the American Stock Exchange under the symbol "SCU."
Management Comment
J. Scott Zimmerman, President and CEO, said: "While our affiliation with the TSXV was an important part of our capital formation since inception, graduating to the primary Canadian exchange is indicative of our growth and operational success in the past 24 months. The fluid TSX trading structure and potential for increased liquidity should allow for improved access to institutional investors. Today's listing is another benchmark in Storm Cat's evolution."
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploration and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
By Order of the Board of Directors Storm Cat Energy Corporation
J. Scott Zimmerman President and Chief Executive Officer
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