/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES/
TSXV Trading Symbol: MVN
CALGARY, March 4, 2013 /CNW/ - The Board of Directors of Madalena Ventures
Inc. ("Madalena" or the "Corporation") announces as part of its compensation
process, the grant of options ("Options") to new officers and existing
employees and consultants of the Corporation and its subsidiaries. Of the
1,260,000 Options granted, a total of 1,000,000 Options were granted to Mr.
Thomas Love associated with his recent appointment as Vice President, Finance
and Chief Financial Officer of the Corporation. Each Option has an exercise
price of $0.405 per share and is exercisable for a period of five years from
the date of grant.
The Corporation's rolling stock option plan was approved by the shareholders
at the Annual and Special Meeting of shareholders held on June 14, 2012. The
Corporation's stock option plan currently reserves for issuance pursuant to
Options up to 10% of the number of issued and outstanding Common Shares.
Madalena is an independent, Canadian-based, domestic and international
upstream oil and gas company whose main business activities include
exploration, development and production of crude oil, natural gas liquids and
Madalena trades on the TSX Venture Exchange under the symbol MVN. Basic
corporate information, recent news releases and regularly updated corporate
presentations are available on the Company's website at
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or the solicitation of
any offer to buy the securities in any jurisdiction. The Common Shares will
not be and have not been registered under the United States Securities Act of
1933 and may not be offered or sold in the United States, or to a U.S. person,
absent registration, or an applicable exemption therefrom.
Kevin Shaw, P.Eng, MBA President and Chief Executive Officer Madalena
Ventures Inc. Phone: (403) 262-1901 (Ext. 230) email@example.com
SOURCE: Madalena Ventures Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Madalena Ventures Inc.
NI: OIL NEWSTK
-0- Mar/05/2013 03:16 GMT
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