Life Sciences Institute Inc. Announces Name Change, Share Consolidation and Management Additions
November 23 2011 - 8:00AM
Marketwired
Life Sciences Institute Inc. (TSX VENTURE:LSN) (the "Company") is
pleased to announce that effective today, and as approved at the
annual and special meeting of the Company that held on June 3rd,
2010, the Company's name will be changed to "Quattro Exploration
and Production Ltd." and the Company's common shares will begin
trading on the TSX Venture Exchange under its new trading symbol,
"QXP".
In addition, the common shares of the Company have been
consolidated on a one (1) new for three (3) old basis. Letters of
transmittal will be sent by mail to shareholders advising them that
the name change and consolidation has taken effect and instructing
them to surrender the certificates evidencing their common shares
for replacement certificates representing the number of common
shares to which they are entitled as a result of the consolidation.
Until surrendered, each certificate representing common shares
prior to the consolidation will be deemed for all purposes to
represent the number of common shares to which the holder thereof
is entitled as a result of the consolidation.
In addition, the Company is pleased to announce three additions
to the Company's management.
Stacey Lepla-Martin - Chief Financial Officer
Ms. Lepla-Martin received her Production Accounting Designation
(CAPPA) in 2000. She has held the position of Joint Venture
accountant at a number of Junior Oil and Gas issuers and as a
consultant to a number of small and mid-sized companies. She has
acted as the General Accountant of a mortgage investment
corporation with assets up to $120 million under construction at
any one time. She also served as corporate secretary for Railwest
Canada and Railwest U.S. Inc.
Daniel Lucero Erazo - Chief Geologist
A graduate from the National University of Colombia in Bogota,
Daniel possesses an extensive knowledge of both structural geology
and sedimentology. His most recent experience has been focused on
the adaptation of high resolution seismic for coal and hydrocarbon
resource evaluation. His professional background was derived
through his employment at Kinetex Geosciences, as well as various
rolls at CoalCorp Mining, Ferrominera, CarboRio and Andicol.
Daniel has extensive experience in depositional modelling
techniques, seismic stratigraphy and computer-aided techniques for
the estimation of resources and reserves. His native language is
Spanish with a strong command of the English language.
Diana P. Cubillos - Controller
14 years of experience with an extensive background in
accounting, finance and international tax advice. Diana is
bilingual, with Spanish being Diana's native language while she is
fluent in English. She holds a Bachelor's degree in Accounting from
Santa Maria University, Caracas. She also held the position of
Senior Accountant at Deloitte's for two years prior to becoming a
financial analyst at Reckitt Benckiser S.A. Her most current
position was as a Tax Advisor to Commercial Bank C.A.
About the Company
The Company is an oil and gas exploration and development issuer
with land holdings in Williston Basin of Southern Saskatchewan; as
well as over 240 kms of Seismic Data in select geological trends of
Canada.
Quattro Exploration and Production Ltd. ("QXP") continues to
focus on the conventional exploration and development of oil and
natural gas reserves in Western Canada, primarily in south central
Saskatchewan. Combined with the intention to aggressively pursue a
series of high impact exploration efforts in Central and South
America, the Company intends to balance a portfolio of activities
that assures its shareholders that it achieves material growth in
both reserves and production.
Certain statements contained in this press release constitute
forward-looking statements (the "forward-looking statements").
These statements relate to future events or our future performance.
All statements other than statements of historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "budget", "plan", "continue", "estimate", "expect",
"forecast", "may", "will", "project", "potential", "target",
"intend", "could", "might", "should", "believe" and similar
expressions. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements. Specifically, forward-looking statements include the
statements made with respect to the expected timing and completion
of the name change and the consolidation. Although we believe that
the expectations reflected in the forward-looking statements are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results and
consequently, there is no representation that the actual results
will be the same, in whole or in part, as those set out in the
forward-looking statements.
The forward-looking statements contained in this press release
are expressly qualified by this cautionary statement. We undertake
no duty to update any of the forward-looking statements to conform
such statements to actual results or to changes in our expectations
except as otherwise required by applicable securities legislation.
The reader is cautioned not to place undue reliance on
forward-looking statements.
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.
Contacts: Life Sciences Institute Inc. Leonard B. Van Betuw
President & CEO (403) 984-3917leonard@qxp-petro.com
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