Marksmen Energy Inc.

Marksmen Energy Inc.

April 01, 2015 20:19 ET

Marksmen Announces Grant of Options and Operations Update

CALGARY, ALBERTA--(Marketwired - April 1, 2015) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH)(OTCQB:MKSEF) announces the granting of stock options to purchase 550,000 common shares of the Company to officers and consultants subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.15 per share, vest as to one-third (1/3) immediately and one-third (1/3) on each of the first and second anniversaries of the date the option agreement is executed and have a five year term from the date of issuance.

Marksmen has advanced funds totaling $178,000 USD to our joint interest partner for the completion and construction of an injection well and facility located at B-78 # 06. Marksmen's ownership will be 100%. The well has been licensed as an injection well, acidized and completed. Facility construction is now under way that includes tanks and pumping equipment as well as flow lines and power to our existing wells.

The Company is currently designing an additional 3D seismic acquisition program for the second quarter of 2015. We anticipate the new seismic program will add additional drilling targets in the Cambrian Knox remnant formation to those already drilled or outlined in our 2014 Seismic program.

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 news release.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain necessary approvals from the TSX Venture Exchange Inc. and its operations. All statements included herein, other than statements of historical fact, 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.

Contact Information

  • Marksmen Energy Inc.
    Archie Nesbitt
    Director and CEO
    (403) 265-7270