March 10, 2013
ADIRA ENERGY LTD. (TSXV: ADL) (OTCBB: ADENF) ( FRANKFURT: AORLB8)
. Adira Energy Ltd. ("
" or the "
") announces today the resignation of Ms.
as a director of the Company. Ms. Leitman was appointed on
November 26, 2012
, in accordance with the independent director requirement under Israeli Companies Law. As a result of the Company's delayed TASE listing, the independent director appointment is no longer required. Adira thanks Ms. Leitman for her services to the Company.
About Adira Energy Ltd.
Adira Energy Ltd. is an oil and gas company which is focused in the Eastern Mediterranean. The Company has three petroleum exploration licenses offshore
; the Gabriella, Yitzhak and Samuel Licenses. These licenses are located respectively 10 km offshore between Netanya and Ashdod, 17 km offshore between Hadera and Netanya and adjacent to the coast between
and Bat-Yam. The Company also has an option on the Yam Hadera License, offshore
, which is located 30 kilometers offshore
, between Hadera and
and North West of Adira's Yitzhak license.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Adira Energy Ltd.