Brownstone Ventures, a Canadian-based oil and gas exploration company with projects in the US, Canada, Brazil, India and Argentina, has named Jonathan Schroeder president, COO, and a director.
He was most recently the director, oil and gas operations for Vangold Resources Ltd. Previously, Schroeder was the president and founder of two private oil and gas companies, Gladius Energy Inc. and Carrack Energy Inc., both of which he developed from concept to production and eventual sale. He holds a bachelor’s degree from the University of Calgary.
Schroeder will head Brownstone's new Calgary office. As part of its plans for 2010, Brownstone anticipates changing its name to Brownstone Energy Inc., subject to shareholder approval later this year. Along with his appointment, pursuant to Brownstone's stock option plan and subject to TSX Venture Exchange approval, the Board has granted 500,000 stock options to Schroeder, exercisable at $0.65 per share for a term of up to five years. The options will vest quarterly over a period of 18 months.