Marauder Resources East Coast Inc.
TSX VENTURE : MES

Marauder Resources East Coast Inc.

June 18, 2009 18:32 ET

Marauder Resources East Coast Inc. Announces Grant of Options to Purchase Common Shares

CALGARY, ALBERTA--(Marketwire - June 18, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Marauder Resources East Coast Inc. ("Marauder") (TSX VENTURE:MES) announces that it granted options on June 18, 2009 (the "Options") to D. Jon Axford a director of Marauder to acquire up to 200,000 common shares of Marauder ("Common Shares"). The Options have a five year term and expire on June 18, 2014. The Options vest immediately and are exercisable at a price of $0.10 per Common Share. Inclusive of the options granted to Mr. Axford, there are options outstanding to purchase a total of 5,050,000 Common Shares of Marauder, or approximately 9.4% of Marauder's issued and outstanding Common Shares.

Marauder is a Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas reserves, with a strategy of acquiring high-impact drilling prospects with world class reserves potential. Marauder is currently engaged in development activities in the Panuke oil and gas discovery area, offshore Nova Scotia.

Marauder has approximately 53,989,501 Common Shares issued and outstanding which trade on the TSX Venture Exchange under the symbol "MES".

Further information with regards to Marauder may be found on the SEDAR website www.sedar.com or on Marauder's website www.maraudernrg.ca.

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 Marauder 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. Marauder'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 Marauder 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Marauder Resources East Coast Inc.
    Robert V. Shields
    (403) 262-3907
    Email: rvs@maraudernrg.ca
    or
    Marauder Resources East Coast Inc.
    720, 440 - 2nd Avenue, S.W.
    Calgary, Alberta T2P 5E9
    Website: www.maraudernrg.ca