Trading Symbol: MAR
TORONTO, April 17, 2013 /CNW/ - Marret Resource Corp. (TSX: MAR) (the "Company") announced this morning that the Hon. Brian Tobin, P.C., O.C., has resigned from the Board of Directors and as Chairman of the Board effective immediately. Mr. Tobin is joining BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group, as Vice-Chair. Mr. Tobin joined the Board of the Company as Chair in July 2012.
"The Board and senior management of Marret would like to thank Brian for his invaluable advice and counsel, and we wish him well as he takes on this prestigious new role", said Barry Allan, CEO.
About Marret Resource Corp.
The Company is focused on natural resource lending. The Company's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances.
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the anticipated use of the net proceeds of the Offering. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such risks include, but are not limited to, market conditions and the other risks identified in the short form prospectus dated June 23, 2011 and the Company's annual information form, in both cases under the heading "Risk Factors". There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Marret Resource Corp.
For further information:
about Marret Resource Corp. and its ongoing business, please contact: Barry Allan, Chief Executive Officer at 416.214.5800