EF Energyfunders Ventures, Inc. Announces New President And Chief Investment Officer
EF EnergyFunders Ventures Inc. (the "Corporation") (TSXV:EFV) is pleased to announce that Arnold Moreno has been appointed by the Corporation's directors to serve as President and Chief Investment Officer. Additionally, its wholly-owned subsidiary, EnergyFunders LLC ("EnergyFunders"), has entered into an employment agreement (the "Moreno Employment Agreement") with Mr. Moreno to act as President and Chief Investment Officer. Pursuant to the terms of the Moreno Employment Agreement, Mr. Moreno will serve in the capacity as President and Chief Investment Officer of EnergyFunders. EnergyFunders may terminate the Moreno Employment Agreement at any time with or without cause. Subject to approval of the TSXV, at Mr. Moreno's option, the Corporation may issue common shares of the Corporation, provided that Mr. Moreno has been continuously employed through December 19, 2023, with a value of US$25,000, at a deemed price based on the 10-day volume weighted average price of the common shares on the payment date.
Mr. Moreno is an experienced oil and gas professional with over 25 years of oil & gas industry and energy investment banking expertise with a focus on client service, upstream and midstream property acquisitions and divestitures, valuation, mergers, deal origination and reservoir engineering. He has a combined advisory experience of over $45 billion in asset and corporate advisory value both domestically and internationally.
Mr. Moreno is the former Head of Acquisitions & Divestitures and Technical for the Americas, Energy Investment Banking at BofA Securities, Inc. where he led a multi-faceted team of engineers and geologists in providing technical & financial valuations and risk assessments of asset portfolios for sell-side and buy-side mandates, acquisitions and divestitures intelligence and market trends, deal origination and structures. He previously worked as Vice President, Acquisitions & Divestitures, Global Natural Resources at Goldman Sachs, focusing on public and private company screenings to identify merger of equals, spin-merge and acquisition targets on behalf of the firm's upstream and midstream clients.
Prior to energy investment banking, Mr. Moreno worked more than 17 years on the exploration and production side of the business in leadership positions for a variety of companies including Quantum Resources Management, QR Energy (MLP), H.J. Gruy and Associates, Inc., and Torch Energy Advisors, Inc. He is a graduate of The University of Texas at Austin with a degree in Petroleum Engineering and holds a FINRA Series 24, 79 and 63 licenses.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
EF EnergyFunders Ventures Inc. is an oil and natural gas investment company headquartered in Calgary, Alberta, with executive offices in San Antonio, Texas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "EFV" and on the OTC Pink as "EFVIF".
For further information please contact:
Laura Pommer
Chief Executive Officer
laura@energyfunders.com
EF EnergyFunders Ventures Inc.
716 S. Frio St., Suite 201
San Antonio, Texas 78207
254-699-0975
Media Contact:
Aquila Mendez-Valdez
aquila@hitpr.com
210-606-5251
