Daily Archives: August 12, 2017

Butte Energy Inc. Announces Results of Its Annual General and Special Meeting of Shareholders and Changes to Management

CALGARY, Alberta, Aug. 11, 2017 (GLOBE NEWSWIRE) — Butte Energy Inc. (“Butte” or the “Company”) is pleased to announce the results of its Annual General and Special Meeting of shareholders held on August 1, 2017 in Calgary (the “Meeting”). At the Meeting, shareholders holding 77.42% of the issued and outstanding common shares were present or represented by proxy and such shareholders voted 100% in favour of the sale of the Company’s Chigwell properties to RKSmith Energy Corp. for $35,000 (the “Transaction”).

In addition, the Company is pleased to announce the re-election of Charles Baker, Chris Reimchen, Victor Redekop, Gerald Gilbert and Cuneyt Tirmandi. At the Meeting shareholders also re-appointed Czechowsky, Graham & Hanevelt Chartered Accountants as auditors of the Company and approved a special resolution approving the winding up of the Company, the full text of which is set forth in the Company’s management information circular dated June 30, 2017.

The Company also wishes to announce that Tyron Pfeifer has resigned as President and Chief Executive Officer of the Company, with effect as of August 9, 2017.

This news release includes certain statements that may be deemed “forward-looking statements” within the meaning of applicable Canadian securities legislation. Specifically, this news release includes, but is not limited to, forward-looking statements with respect to completion of the Transaction and the winding-up of the Company. Generally, forward-looking statements can be identified by the forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “projects”, “intends”, “anticipates”, or “does not anticipate”, or “believes”, or “variations of such words and phrases or state that certain actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken”, “occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks associated with general economic conditions, adverse industry events, loss of markets, inability to obtain regulatory approvals, the liabilities of the Corporation, income tax and regulatory matters. Although the Corporation has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America.  Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

For further information please contact:
Butte Energy Inc. 
Victor Redekop, Chairman (403) 541-5310

US President continues threats towards North Korea

US President Donald Trump said Friday on Twitter that military solutions are now fully in place, locked and loaded, should North Korea act unwisely.

He added that hopefully North Korean leader Kim Jong Un will find another path.

US Secretary of Defense James Mattis said Thursday that diplomatic efforts to contain the threat posed by North Korea are working, and remain the favored means for solving the crisis. Mattis said war would be “catastrophic, adding that his responsibility is to have military options should they be needed.

German Chancellor Angela Merkel has voiced opposition to violence to deal with North Korea issue. She said Germany will be intensively involved with the potential solutions that are not of a military manner, adding that escalating the rhetoric is the wrong answer. Merkel called for the close cooperation of countries involved, including the United States, China, South Korea and Japan.

Source: VOV5

Prominent Trade Union members of the armed forces honored

60 prominent Trade Union members, representing 200,000 employees of the People’s Army and People’s Police were honored at an exchange program entitled Proud of workers and soldiers in Hanoi on Saturday night.

The honorees have excelled in the emulation movements from 2012 to 2017 by instigating thousands of initiatives, contributing to ensuring national defense and security, and social order and safety. They have also successfully implemented the campaign of studying and following Ho Chi Minh’s ideology, morality, and lifestyle.

Source: VOV5

EU to discuss Fipronil egg scandal

First discussions on the Fipronil contaminated egg scandal, requested by Germany, will be held on Semptermber 4 and 5, at the sidelines of the agricultural summit in Estonia.

The European Commission (EC) will hold a meeting on the issue on 26 September. European Commissioner for Health and Food Safety Vytenis Andriukaitis said the EC will focus on the analysis and lessons to be learned instead of blaming and shaming. Fifteen EU countries as well as Hong Kong and Switzerland have received eggs contaminated with the insecticide fipronil, the European Commission says.

Germany and France, directly affected by the poultry ban, have been criticising Belgium and the Netherland. Over 200 poultry farms in Belgium and the Netherland were contaminated after being disinfected with products that have fipronil, an insecticide that is banned for treating animals like chickens.

Source: VOV5

26th National Traditional Martial Arts Championship opens

The 26th National Traditional Martial Arts Championship opened in Nghe An province on Saturday with more than 300 athletes from 25 cities and provinces competing.

The annual competition will run until Tuesday.

Source: VOV5

Cambodian court upholds sentence for Sam Rainsy

The Appeal Court of Cambodia has upheld the ruling of a lower court to sentence, in absentia, Sam Rainsy, former President of the opposition Cambodia National Rescue Party (CNRP), to 20 months in prison for defaming Prime Minister Hun Sen.

Appeal Court’s Presiding Judge Nhoung Thul said in his verdict that: “The Phnom Penh Municipal Court’s decision against Sam Rainsy is correct, so the Appeal Court decides to uphold the decision”. Last March, the Phnom Penh Municipal Court sentenced Sam Rainsy to one year and eight months in prison and financial penalty for his involvement in accusing PM Hun Sen and the Cambodian Government of standing behind the murder of political analyst Kem Ley. Rainsy was charged with defamation and incitement to cause social chaos according to the Penal Code.

Sam Rainsy has been living in exile since November 2015 to avoid a two-year imprisonment for defaming Deputy Prime Minister Hor Namhong. He had also been given other sentences in Cambodia. On February 11, 2017, he declared to resign from the post of President and left the CNRP to prevent this party from being dissolved under the new Law on Political Parties, approved on February 20.

Source: VOV5

Singapore, a potential importer of Vietnam rice

A Vietnamese delegation visited Singapore in early August to seek ways to export rice there.

The delegation included representatives from the Ministry of Industry and Trade and eight leading rice exporting companies. The Vietnamese delegation met representatives of local biggest retail chains to set up relations and learn about ways to directly export Vietnamese goods to these supermarkets, instead of via foreign traders.

The Singaporean side spoke highly of the quality of Vietnamese agricultural products, noting that a large number of Vietnamese goods such as rice, aquatic products, fruits and vegetables are being sold at their supermarkets. Singaporean officials and business leaders said they are willing to cooperate with the Vietnamese Ministry of Industry and Trade and Vietnam’s trade office in Singapore to organize Vietnamese goods fairs or weeks at their supermarket chains.

Source: VOV5