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Message: Management Change
| April 24, 2009 |
| Pan Orient Energy Corp.: Management Change |
| CALGARY, ALBERTA--(Marketwire - April 24, 2009) - Pan Orient Energy Corp. ("Pan Orient') (TSX VENTURE:POE) announced today that William D. Ostlund has been appointed as the Vice President Finance, Chief Financial Officer and Corporate Secretary of Pan Orient. Mr. Ostlund brings many years of chief financial officer experience to Pan Orient, most recently as the Senior Vice-President and Chief Financial Officer of Focus Energy Trust until its sale in February 2008. In connection with his appointment, Mr. Ostlund was granted options to purchase 450,000 common shares of Pan Orient at an exercise price of $3.60 each. Jason Bednar, who held the office to which Mr. Ostlund has now been appointed, has left Pan Orient to pursue other interests but will continue to provide some services to Pan Orient for 90 days on a consulting basis. Pan Orient thanks Mr. Bednar for his contribution in building Pan Orient over the past four years. |
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