CUT BANK, MT, Dec. 23, 2013 /CNW/ - Mountainview Energy Ltd. (TSXV:
MVW.V) ("Mountainview" or the "Company") is pleased to announce that Mr. Brent Osmond has been appointed Vice
President, Finance and Chief Financial Officer of the Company.
Mr. Osmond is a Certified Management Accountant with experience in
building startup and growth oriented energy companies. Mr. Osmond has
previous oil and gas CFO experience through his positions with TerraMer
Inc., a private oil and gas service company and Nytis Exploration
Company Inc., a Denver-based exploration and production company.
Mr. Osmond replaces Ms. Angelique Hatch, who will provide consulting
services to Mountainview and assist with the transition. The
Mountainview board of directors and management team would like to thank
Ms. Hatch for her contributions and wish her success in the future.
Mountainview also announces the grant of an aggregate of 400,000 options
("Options") to certain executive officers of the Company, pursuant to the
Company's 10% rolling stock option plan was approved by the
shareholders at the Annual and Special Meeting of shareholders held on
November 4, 2013 (the "Option Plan"). Each Option has an exercise price of $0.51 per common share of
Mountainview ("Common Share") and is exercisable for a period of five years from the date of
grant. The Option Plan currently reserves up to 8,782,074 Common
Shares for issuance pursuant to Options, which is equal to 10% of the
number of issued and outstanding Common Shares.
Mountainview Energy Ltd. is a public oil and gas company listed on the
TSX Venture Exchange, with a primary focus on the exploration,
production and development of the Bakken and Three Forks Shale in the
Williston Basin and the South Alberta Bakken.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Mountainview Energy Ltd.
For further information:
Patrick M. Montalban, President & Chief Executive Officer
Address: PO Box 200, Cut Bank, MT 59427
Web Site: www.mountainviewenergy.com
Fax: (406) 873-2835