Marauder Resources East Coast Inc. Announces Execution of Shares for Past Services Agreements
January 10 2013 - 3:41PM
Marketwired Canada
Marauder Resources East Coast Inc. ("Marauder" or the "Corporation") (TSX
VENTURE:MES) announces the execution of agreements (the "Agreements") for shares
for past services provided by Messrs. Robert V. Shields and John Loewen, each a
director of the Corporation. Under the Agreements, Marauder will issue an
aggregate of 11,616,857 common shares in the capital of the Corporation (the
"Common Shares") having an deemed issue price of $0.07 per Common Share. Mr.
Shields will be issued 7,866,857 Common Shares in full satisfaction of
obligations of $550,680 owed to Mr. Shields. Mr. Loewen will be issued 3,750,000
Common Shares in full satisfaction of obligations of $262,500 owed to Mr.
Loewen.
The transactions contemplated by the Agreements are subject to the approval of
the TSX Venture Exchange.
This press release may contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts, projections, guidance
or other similar statements that are not statements of fact. Although the
Corporation believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses and health, safety and environmental risks),
commodity price and exchange rate fluctuation and uncertainties resulting from
potential delays or changes in plans with respect to exploration or development
projects or capital expenditures. The Corporation's forward-looking statements
are expressly qualified in their entirety by this cautionary statement. The
forward-looking statements contained in this press release are made as of the
date hereof and the Corporation undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Marauder Resources East Coast Inc.
Robert V. Shields
(403) 262.3907
rvs@maraudernrg.ca
Marauder Resources East Coast Inc.
720, 440 - 2nd Avenue S.W.
Calgary, Alberta T2P 5E9