CALGARY, ALBERTA--(Marketwire - Dec. 5, 2012) - Marksmen Energy Inc. (TSX VENTURE:MAH) ("Marksmen" or the "Company") is pleased to announce that at the annual and special meeting of the shareholders of the Corporation (the "Shareholders"), the following resolutions were approved:
1. The fixing of the number of directors of the Corporation at five (5) and election of the directors (as set out below);
2. The appointment of MNP LLP as the auditors of the Corporation for the ensuing year; and
3. The approval of the Corporation's stock option plan.
The Board of Directors of Marksmen has issued options to purchase 1,395,000 common shares at $0.12 per share to the officers, directors, key personnel and consultants. The options expire in five years and vest as to one third (1/3) immediately, one third (1/3) after one year and the remainder after two years.
The Board of Directors of Marksmen now consists of Archibald Nesbitt, Erich Boechler, John Niedermaier, Dale Burstall, and William Ambrose.
We welcome Mr. Ambrose and Mr. Burstall to the Marksmen Board of Directors. Mr. Ambrose is currently the President of First Mountain Exploration Ltd. Mr. Ambrose has been or continues to be involved in Rocky Mountain Energy Corp., Firesteel Resources Inc., Consolidated Global Minerals Ltd., Renegade Oil & Gas Ltd., Renegade Petroleum Ltd., and Petro Uno Resources Ltd. Mr. Burstall has been a partner at Burstall Winger LLP since 1994.
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.