True North Energy Corp. announced the appointment of an independent director to the board, Mr. William M. Simmons, effective today. Mr. Simmons has over thirty years experience in the oil and gas industry, working on projects worldwide, specializing in consulting, management and business development. In addition, Mr. Simmons has worked as a writer, editor and investment analyst for offshore oil and gas industry publishing and research companies. Mr. Simmons holds a Bachelor of Science degree from Texas A&M University and is currently President of Loosbrock Offshore Consultants, Inc.
Mr. Gilbert Steedley, the Company’s CEO and director, said “We are pleased Mr. Simmons has joined the board as an independent director. As a seasoned oil and gas professional with extensive worldwide experience, Mr. Simmons is a valuable addition to the Company as it continues forward with its growth plan.”
The Company received $50,000 in new convertible note funding to be used for possible additional oil and gas investments, if located, repayment of short term advances and working capital requirements.
In addition, the Company has filed audited financial statements for the years ended April 30, 2013 and April 30, 2014, which can be found at OTCmarkets.com.