Rival Energy Ltd.- Strengthens Management Team
Tuesday September 13, 8:02 am ET
CALGARY, ALBERTA--(CCNMatthews - Sept. 13, 2005) - Rival Energy Ltd. (TSX VENTURE:RGY - News).
The Board of Directors of Rival Energy Ltd. is pleased to announce the following additions to its management team and the Board.
The Board welcomes Mr. Harley L. Winger, partner with Burstall Winger LLP as a Director to the Board of Rival Energy Ltd. Mr. Winger's primary practice is in securities law and is a director of a number of public companies.
On the exploration front, Rival is very pleased to announce that Mr. John Wilson, an honors graduate and gold medal recipient in Geology from the University of Windsor, has joined the Company as Vice President, Exploration. The Company is also proud to announce that Mr. Kenneth Pretty has joined the company as Manager, Land.
Mr. John Wilson, most recently a senior geologist with Crew Energy Ltd., a successful growth-oriented junior oil and gas company created from a royalty trust reorganization, brings 27 years of diversified western Canada exploration experience to Rival. Throughout his tenure, Mr. Wilson has held a variety of senior geological positions, (including Manager, Exploration with Newport Petroleum Corporation prior to its takeover by Hunt Oil Company of Canada, Inc.) and has spent the past 15 years working exclusively with exploration focused junior oil and gas companies. He brings a wealth of knowledge and experience to Rival and will be responsible for all exploration activity and the initiating of the Company's exploration activities in the W5M and northern areas of Alberta and north-eastern British Columbia.
Mr. Pretty brings an extensive work experience and a very strong background of business development and negotiating skills to Rival. Mr. Pretty has held senior management positions in land and business development with several intermediate oil and gas producers over the last seven years of his 25 year career and this experience will be instrumental in implementing Rival's strategy for more aggressive growth, both on the exploration front and in the acquisition arena. As Rival continues to add strength to its technical and management team over the near future, all of these individuals will combine to broaden Rival's scope and areas of exploration activity.
On August 25, 2005 Rival agreed to issue 665,000 stock options to employees, Officers and Directors of the Company. The options issued to Directors and Officers will have an exercise price of $1.05 with a term of five years. In conjunction with these recent appointments, and to provide an opportunity for the new individuals to gain an ownership position in the Company, the Board of Rival has offered the new employees, Officers and Directors participation in a private placement of its common shares. These individuals have agreed to purchase, in aggregate, a total of $778,560.00 of common shares in Rival Energy Ltd. at a price of $1.20 per share. The Board of Directors of Rival believes their participation in this private placement clearly aligns the interests of all shareholders and management of the Company. These transactions conform to the Company's "Employee Stock Option Plan" and are subject to approval by the TSX Venture Exchange.
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A QUITTER NEVER WINS AND A WINNER NEVER QUITS. 
