CALGARY, ALBERTA–(Marketwired – July 18, 2013) –
NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX VENTURE:MAH) announces that it has appointed, subject to regulatory approval, Bruce W. Barren as a director of the Corporation. Mr. Barren, who has consented to join the board of directors of Marksmen, is a corporate executive and advisor with over 45 years of experience in more than 200 diverse businesses worldwide, including natural resources plus oil and gas, for both privately owned and publicly-traded companies.
Mr. Barren’s experience has covered various segments of the energy business, ranging from drilling support industries including equipment manufacturers to actual drilling operators and refiners plus energy equipment manufacturers. His involvement as an advisor has included such companies as: Canadian Homestead Oils Limited (offshore oil and gas exploration in north-eastern Canada); Ronan Engineering Co., Inc. (nuclear power plant equipment manufacturer/assembler); Bechtel Corporation (engineering, construction and project management companies, serving in part Fossil and nuclear power plants, refineries and petrochemical facilities along with environmental cleanup projects, pipelines and oil/gas field development); Ultra Violet Devices, Inc. (manufacturer of water purification equipment); Energy Quest, Inc. (alternative energy); Caltrol, Inc. (distributor of process control instrumentation); and numerous companies in the oil and gas industry, including Alberta Gas Trunk Line Company Limited (gas transmission; now called NOVA Gas Transmission Ltd.), plus NexGen E2 Ltd. (alternative energy).
Mr. Barren has also been involved as an advisor with: Tipperary Oil & Gas (gas and oil refining plus line transmission); R.E. Frasch Company (oil drilling medium wells); Petroleum Recycling Corporation (recycling plant); Montgomery Drilling (medium well drilling); Irvco Resources (shadow to medium well drilling); McMullen Oil (oil and gasoline distribution facilities); Penn Pacific Corporation (shallow to medium well drilling); Baltic Drilling (drilling rig rentals); Grove Valve & Regulator Company plus its Italian affiliate, Wagi International (value manufacturing worldwide) and Comprehensive Designers, Inc. (multiple industries, including water treatment facilities engineering and design).
Archie Nesbitt President, Chief Executive Officer and Chairman of the Board states: “I have worked with Mr. Bruce Barren for the last several months as we introduced Marksmen to investors across the U.S. and it is an honor and pleasure to now have the opportunity to have Mr. Barren join the board of directors of Marksmen as we transition the Company to an oil and gas producer in the United States and initiate our major three year exploration and development program.”
Marksmen also announces the resignation of Mr. William Ambrose as a director of the Company. The board of directors and management of Marksmen would like to thank Mr. Ambrose for his contributions to the Company.
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. 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 www.sedar.com. Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.