/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 natural gas.
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 www.madalena-ventures.com.
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.
SOURCE: Madalena Ventures Inc.
For further information:
Kevin Shaw, P.Eng, MBA
President and Chief Executive Officer
Madalena Ventures Inc.
Phone: (403) 262-1901 (Ext. 230)