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.
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