SLV tsxventure
CALGARY, July 14 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the
"Company") announces that effective July 13, 2009 Mr. Mark Roth has stepped
down as the Company's Chief Financial Officer (CFO). Mr. Roth, who has worked
with Stealth for just over 4 years, will continue to provide his expertise as
a member of the Company's Board of Directors. During the interim, Mrs. Lori
Bobye-Magnusson, currently Stealth's Controller, will assume the
responsibilities of CFO. The Company is also announcing today that Mr. Ian
McMurtrie has stepped down from the board after six years of service to the
Company. Throughout his time with Stealth, Mr. McMurtrie used his wisdom and
his dedication as a board member to position the Company for success. Mr.
McMurtrie's time and efforts are greatly appreciated by the Company and we
wish him the best of luck in his future endeavors at Bankers Petroleum Ltd.
Stealth has hedged 50 per cent of its production at an average weighted
price of $5.01/GJ, and remains well positioned to take advantage of rebounding
gas prices. The Company continues to explore possible corporate transactions
that will create additional value for its shareholders.
STEALTH VENTURES LTD.
"Derek Krivak"
Per: DEREK KRIVAK
Chief Executive Officer
Forward Looking Statements:
This News Release may contain forward-looking statements based on
assumptions and judgments of management regarding future events or results
that may prove to be inaccurate as a result of exploration and other risk
factors beyond its control, and actual results may differ materially from the
expected results.
Disclosure provided herein in respect of BOEs may be misleading,
particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead.
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 NEWS RELEASE. THIS
NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
%SEDAR: 00008195E
