American Eagle Energy Corporation has reported the appointment of James N. Whyte to its Board of Directors.
Mr. Whyte will also serve on the Company's Audit Committee.
Brad Colby, AMZG's Chief Executive Officer and President, commented: "We are delighted to welcome James to our board. His qualifications and expertise will further broaden our Board's expertise as we continue to grow our business and expand its operations. We are certain that he will make a significant, long-lasting contribution to our company."
Whyte added: "This is a great period in the growth of American Eagle's business and the value for its stockholders. I am thrilled to join American Eagle's board at this exciting stage of its corporate development."
Mr. Whyte, 54, is the Executive Vice President of Human Resources and Risk Management of Intrepid Potash, Inc., a public company whose common stock is listed on the NYSE. He joined its predecessor as Vice President of Human Resources and Risk Management in May 2004 and was promoted to his current position three years later in December 2007.
Mr. Whyte was granted an option to purchase up to 200,000 shares of the Company's common stock at a price of $2.39 per share (which represented the average of the closing prices of American Eagle's common stock for the five trading days prior to the effective date of his appointment), vesting 50% on the first anniversary of the grant and 50% will vest on the second anniversary.
