The Legacy Community Foundation

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Legacy Oil + Gas Inc. (“Legacy”) and the Town of Okotoks are pleased to announce the formation of The Legacy Community Foundation (the “Foundation”), a non-profit organization created to benefit the communities where Legacy operates within the Sheep River and Highwood River drainage areas. The mission of the Foundation is to assist with funding projects aimed at promoting education, health, recreation and the environment in the communities in which Legacy does business.
The Foundation has formed an advisory committee with representatives from the Towns of Okotoks, Black Diamond and Turner Valley, the Village of Longview and the MD of Foothills. These members will assist the Foundation in achieving its goals by identifying needs and concerns within these communities as well as identifying community initiatives for funding that meet the Foundation's mission.
“Legacy is committed to the well-being of the communities where we operate and being a good neighbor to those communities through understanding and supporting their needs.” said Trent Yanko, President and CEO of Legacy. Mayor Bill Robertson added “We appreciate Legacy assisting us with our water license needs and that the agreement also provides additional benefits to the citizens of these communities in the foothills.” Legacy agreed to donate their water license in the Turner Valley area to the Town of Okotoks in exchange for a donation receipt in June 2010. Legacy and the Town agreed that equivalent funds in the amount of $1 million would be paid to the Foundation, a non-profit organization created and managed with Legacy's assistance. Appointments to the advisory committee have been made and the Foundation is now ready to begin its analysis of community needs, which is expected to take several months. Organizations with funding needs may contact their municipality office to obtain an information package.