Marauder Resources East Coast Inc.
TSX VENTURE : MES

Marauder Resources East Coast Inc.

October 10, 2008 08:30 ET

Marauder Resources East Coast Inc. Announces Execution of Shares for Debt Settlement Agreements

CALGARY, ALBERTA--(Marketwire - Oct. 10, 2008) - Marauder Resources East Coast Inc. ("Marauder" or the "Corporation") (TSX VENTURE:MES) announces execution of shares for debt settlement agreements with Mr. Robert V. Shields and Mr. John Milford (collectively, the "Transactions"). Under the shares for debt settlements, Marauder will issue an aggregate of 500,000 common shares having an issue price of $0.20 per share to each of Messrs. Shields and Milford in full satisfaction of debt obligations of $100,000 owed to each of them.

The Transactions are subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept 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