FCP Proxy Fight Ends When CEO Resigns

Law360, New York (April 14, 2008, 12:00 AM EDT) -- A proxy fight between First Calgary Petroleums Ltd. and one of its largest shareholders ended Monday when the oil and gas company's chief executive agreed to step down.

At the urging of Waterford Finance & Investment Ltd., which owns 9.4% of First Calgary stock, former Chief Operating Officer Shane O'Leary will replace Richard Anderson as CEO and president of the company, effective immediately.

Anderson will stay on as a consultant for about six months in order to assist in the executive transition, according to First Calgary....
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