Marksmen Energy Inc.

Marksmen Energy Inc.

September 26, 2013 11:40 ET

Marksmen Announces Initiation of 3D Seismic Program

CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH) announces that it has entered into a general agreement for land geophysical services with Bay Geophysical Inc.("Bay") of Traverse City, Michigan, for the completion of Marksmen's first 3D Seismic Geophysical survey in Ohio. Permitting and survey activities are currently under way and Bay Geophysical's acquisition equipment is expected to be on the ground in early to mid-October.

Bay will conduct a high resolution P-Wave 3D Vibroseis reflection survey and utilize a 1280 channel ARIES recording system for data acquisition.

Marksmen would also like to announce that its Board of Directors has approved the granting of stock options to certain consultants to purchase 300,000 Common Shares of the corporation subject to regulatory and TSX-V approval. The options were issued with an exercise price of $0.17 per share and will vest as to one-third (1/3) immediately and one-third (1/3) on each of the next two(2) anniversaries of the date the option agreement is executed and have a five year term.

The Company also wishes to announce the resignation of Mr. Bruce Barren as a Director of Marksmen Energy Inc. The Board of Directors wishes to thank Mr. Barren for his efforts and we wish him success in his future endeavors.

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 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, 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
    President and Chief Executive Officer
    (403) 265-7270