Mart Resources Inc. announces the appointments of Michael J. Perkins and Walter Wakula as Directors of the Company effective immediately. These new appointments are consistent with Mart’s growth strategy and are made in anticipation of the Company’s increasing development drilling, increasing production operations and corporate activities.
Mr. Perkins is a partner with Borden Ladner Gervais LLP, Barristers and Solicitors having over 27 years of experience with respect to the practice of law in the areas of natural resources, securities, mergers, acquisitions, corporate/commercial and debt financing. He also has extensive experience as an officer and director of numerous companies either listed or previously listed on the TSX Venture Exchange, the Toronto Stock Exchange or NASDAQ.
Mr. Wakula has had a distinguished career with over 25 years of experience as a senior executive and a corporate director in the oil, gas, energy and banking industries. He has acted as a corporate CEO, CFO, director and board chair and as senior advisor to government ministries and to businesses in transition, typically to the next stage of growth. He has sourced capital globally for operations in six countries and led numerous financing, M&A and other project initiatives. Wakula is currently the President, CEO and Chair of Firesteel Resources Inc., a publicly traded junior mining company, Chair of Blacksteel Oil Sands Inc, a junior oil sands company and Chair of Foothills Global Capital Group Inc., a private equity group. Educated at the University of Manitoba and the University of Calgary, Wakula studied engineering, computer science and business. He holds a Bachelor of Commerce degree in accounting and an MBA in finance and is a certified corporate director holding the Institute of Corporate Directors’ ICD.D designation.
The Board is extremely pleased with the addition of these experienced and qualified individuals and they anticipate valuable contributions from them as Mart moves ahead to the next phases of the Company’s development.
The Board also announces that Dr. Philip Nelson has resigned as a director of the Company for personal and business reasons. Dr. Nelson served as a director of Mart for over six years during which time he was instrumental in positioning Mart’s involvement in its many projects. The Board wishes to thank Dr. Nelson for his dedication, loyalty and support of the Company.
Mart also announces the issuance of options to acquire 700,000 common shares of the Corporation to its new directors and options to acquire 400,000 common shares to two recently appointed officers of the company. The options are exercisable at $0.62 per common share expiring on the fifth anniversary from the date of the option grant.
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