Marksmen Energy Inc.

August 18, 2010 16:30 ET

Marksmen Announces Granting of Stock Options

CALGARY, ALBERTA--(Marketwire - Aug. 18, 2010) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MA) announces that its Board of Directors has approved the granting of stock options to purchase 1,050,000 common shares of the Company to the Company's directors, officers and consultants, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.20 per share, vest as to one-third (1/3) on each of the first three anniversaries of the date the respective option agreements were executed and have a five year term. Pursuant to applicable securities legislation the options are subject to a four month hold period. The number of stock options and the exercise prices of the stock options disclosed herein are calculated after completion of the Corporation's 10 for 1 consolidation of its common shares.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to regulatory approval for the issuance of stock options, including the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, including are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Marksmen's disclosure documents on the SEDAR website at Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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 of accuracy of this news release.

Contact Information

  • Marksmen Energy Inc.
    Thomas Rozak
    (403) 265-7270
    Marksmen Energy Inc.
    2220, 140 - 4th Avenue SW
    Calgary, Alberta
    T2P 3N3