Maskal Energy Ltd.

June 22, 2010 17:56 ET

Maskal Energy Ltd. Announces Lawsuit and Resignations

CALGARY, ALBERTA--(Marketwire - June 22, 2010) - Maskal Energy Ltd. (TSX VENTURE:MMK.H) ("Maskal" or the "Corporation") announces that it has been served with a Statement of Claim brought by Rick Mazurkewich, John Garden, Bullion Fund Inc. and 1053011 Alberta Ltd. (the "Plaintiffs") for alleged indebtedness and other relief.

The Corporation also wishes to announce the tendered resignations of Rick Mazurkewich as President and Chief Executive Officer and Robert Tedrick as Chief Financial Officer of the Corporation. Maskal will commence a search for replacements of each of these positions as soon as possible.

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 or accuracy of this release.

Contact Information

  • Maskal Energy Ltd.
    Lorraine McVean
    (403) 234-8998
    (403) 265-4514 (FAX)
    Maskal Energy Ltd.
    1900, 715 - 5 Ave SW,
    Calgary AB T2P 2X6