CALGARY, Feb. 5, 2019 /CNW/ - (TSX: EGL): Eagle
Energy Inc. ("Eagle") reports that, due to changes in his
professional priorities and the reduced availability which those
changes entail, Mr. Wes Schrader has
announced his decision to retire as a director of Eagle effective
immediately. Eagle thanks Mr. Schrader for his service to the
company and wishes him continued success in his new
activities.
Mr. John Melton, who is an
independent director of Eagle's operating subsidiary in
the United States, has agreed to
join Eagle's board of directors effective immediately. Mr.
Melton will remain a director of Eagle Hydrocarbons Inc.
Further to Eagle's news release of January 2, 2019, the limited forbearance
agreement between Eagle and its lender expired on January 31, 2019. Eagle is working
diligently with its lender to resolve this situation, upon which an
update will be provided.
About Eagle Energy Inc.
Eagle is an oil and gas corporation with shares listed for
trading on the Toronto Stock Exchange under the symbol "EGL".
All material information about Eagle may be found on its website
at www.EagleEnergy.com or under Eagle's issuer profile at
www.sedar.com.
SOURCE Eagle Energy Inc.