CUT BANK, MT,
Dec. 23, 2013 /PRNewswire/ -
Mountainview Energy Ltd. (TSXV: MVW.V) ("Mountainview" or
the "Company") is pleased to announce that Mr. Brent Osmond has been appointed Vice President,
Finance and Chief Financial Officer of the Company.
Mr. Osmond is a Certified Management Accountant
with experience in building startup and growth oriented energy
companies. Mr. Osmond has previous oil and gas CFO experience
through his positions with TerraMer Inc., a private oil and gas
service company and Nytis Exploration Company Inc., a Denver-based exploration and production
company.
Mr. Osmond replaces Ms. Angelique Hatch, who will provide consulting
services to Mountainview and assist with the transition. The
Mountainview board of directors and management team would like to
thank Ms. Hatch for her contributions and wish her success in the
future.
Mountainview also announces the grant of an
aggregate of 400,000 options ("Options") to certain
executive officers of the Company, pursuant to the Company's 10%
rolling stock option plan was approved by the shareholders at the
Annual and Special Meeting of shareholders held on November 4, 2013 (the "Option
Plan"). Each Option has an exercise price of $0.51 per common share of Mountainview
("Common Share") and is exercisable for a period of five
years from the date of grant. The Option Plan currently
reserves up to 8,782,074 Common Shares for issuance pursuant to
Options, which is equal to 10% of the number of issued and
outstanding Common Shares.
About Mountainview
Mountainview Energy Ltd. is a public oil and gas
company listed on the TSX Venture Exchange, with a primary focus on
the exploration, production and development of the Bakken and Three
Forks Shale in the Williston Basin and the South Alberta
Bakken.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Mountainview Energy Ltd.