EastSiberian Plc (TSXV: ESB) announces Voting Results of its Annual
General Meeting and Relinquishment of Tigilskaya Exploration
Licence in Kamchatka, Russia
ST. HELIER, Jersey, Jan. 18,
2013 /CNW/ - EastSiberian Plc (the "Corporation"), an
international junior oil exploration company incorporated in the
Bailiwick of Jersey, announces that at its Annual General Meeting
held on January 18, 2013, the current
slate of directors was re-elected, the stock option plan of the
Corporation was ratified, and the shareholders agreed to re-appoint
KPMG LLP as auditors of the Corporation for the ensuing year.
Relinquishment of the Tigilskaya Exploration
Licence
The Corporation also announces that it has
applied to relinquish the Tigilskaya exploration licence in
Kamchatka, Russia. This licence
was obtained from the Russian Government in September 2011 on the basis of defined work
commitments. The Corporation has attempted to find a joint venture
partner to farm into the licence, but has not been successful to
date. The Company has decided to relinquish the licence and focus
on proven oil basins in Russia.
The relinquishment of the licence awaits final approval from the
Russian Government. There were no penalties or other costs
associated with the relinquishment and this marks the completion of
activity and licence holdings in the Kamchatka region.
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 release.
For further information in respect of the
Corporation, please visit the Corporation's website at:
www.eastsiberianplc.com
SOURCE EastSiberian Plc