Westbridge Energy Corporation reports Mr. Kevin Broger has been appointed technical advisor to the Company, effective immediately. Mr. Broger is a veteran oil and gas explorationist and currently President of Out Front of the Curve, an upstream advisory firm focused on the evaluation of oil and gas projects globally. With over 28 years of technical and managerial experience, Mr. Broger is a geoscientist with both geological and geophysical interpretive backgrounds, and extensive international experience within the sedimentary basins of South America and Africa. He previously held positions including CEO of HRT Canada, CEO of Chariot Oil and Gas, and Team Lead of Brazilian New Ventures for EnCana (a leading Canadian oil and natural gas producer). Mr. Broger graduated from the University of Waterloo with a Bachelor of Science (honours) degree in Geology with a minor degree in Economics. He has published and presented multiple technical pieces focused on petroleum system exploration and development.
Option Grant and Share for Debt
Westbridge reports the granting of incentive stock options to purchase up to an aggregate of 150,000 common shares in its capital stock, at a price of $0.05 per share, exercisable for a period of five years.
Further to the news release dated March 12, 2015, Westbridge also reports it has settled $72,450 of debt owed to an entity controlled by the President and CEO of the Company by issuance of 600,000 common shares of the Company at a deemed price of $0.12 per share. The common shares issued pursuant to this debt settlement are subject to a hold period expiring July 13, 2015.