MSR DEFERS SOME SHAREHOLDER ACTIONS
MSR DEFERS SOME SHAREHOLDER ACTIONS CUT BANK, Mo. Dec. 13 /PRNewswire/ -- MSR Exploration Ltd.
(AMEX, Toronto, Alberta: MSR) today announced changes in the agenda for its annual meeting to be held Monday, Dec. 16, 1991 in Edmonton, Alberta, Canada.
Bruce D. Hirsche, chairman of the interim board of directors of MSR, stated that action would be taken only on the election of directors, approval of the appointment of auditors and administrative matters. The interim board has decided to then adjourn the annual meeting to a later date and at that time take action on matters related to litigation arising from corporate management and control issues which developed in 1990 and 1991 and other related matters. This decision was made after recent discussions with the staff of the Securities and Exchange Commission. Hirsche stated that prior to action being taken on such matters, additional S.E.C. reviewed information will be sent to appropriate regulatory agencies and shareholders. MSR Exploration Ltd. is a Canadian independent oil and gas exploration and production company operating in Western Canada and in the Northern Rockies and Texas, through its wholly owned U.S. subsidiaries. MSR is listed on the American Stock Exchange under the symbol "MSR." -0- 12/13/91 /CONTACT: Bruce D. Hirsche, chairman of the interim board- Edmonton, 403-426-5550; or Patrick M. Montalban, executive VP & COO- Cut Bank, 406-873-2235; or Otto J. Buis, president and CEO-Fort Worth, 817-335-1228/ (MSR.) CO: MSR Exploration, Ltd. ST: Montana IN: OIL SU:
AL -- LA010 -- 2391 12/13/91 13:10 EST
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|Date:||Dec 13, 1991|
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