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Wednesday, June 18, 2014
Longreach Oil & Gas has a new name; PetroMaroc Corp. Shareholders in the company approved the name change at its recent annual and special meeting. The new name is subject to the final approval of the TSXV Venture Exchange.
The new name reflects the company’s focus on Morocco. Once the name change has been approved by the TSXV, the company’s trading symbol will change from LOI to PMA.
“We are embarking on a new era that reflects our vision to become the leading hydrocarbon producer in Morocco. Our corporate objective is to apply disciplined, well-proven technologies and risk-management practices to create long-term value from natural gas and oil for our shareholders and the people of Morocco,” said Dennis Sharp, the company’s executive chairman.
The company has established a new website at www.petromaroc.co, where its most recent corporate presentation has been posted, along with its new PetroMaroc logo.
The approved resolutions at the Company’s annual and special meeting also included the election of all director nominees, the appointment of the auditor, the approval of the previously adopted stock option incentive plan (as required annually by the policies of the Exchange), the approval of name change and the approval of a new control person.
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