DOUGLAS, Isle of Man, June 6, 2013 /CNW/ - Wolseley Ventures Limited of
19, Peel Road, Douglas, Isle of Man, IM1 4LS (the "Offeror") acquired, on June 4, 2013, an aggregate of 2,500,000 common shares ("Common Shares") of Montana Exploration Corp. ("Montana") pursuant to the exercise of rights and exercise of the additional
subscription privilege under Montana's rights offering which closed on
June 4, 2013 (the "Rights Offering") for aggregate gross proceeds of $500,000.
Immediately following closing of the Rights Offering, the Offeror had
beneficial ownership of, and control and direction over, directly or
indirectly, approximately 23% of the issued and outstanding Common
Shares on an undiluted basis and approximately 46% on a fully diluted
basis, assuming the full exercise of convertible securities held by
The acquisition of securities in Montana by the Offeror is for
investment purposes. The Offeror may from time to time dispose of, or
acquire, additional securities of Montana. The Common Shares were sold
to the Offeror in reliance upon the rights offering exemption in
Section 2.1 of National Instrument 45-106 Prospectus and Registration
This press release is issued pursuant to National Instrument 62-103 -The
Early Warning System and Related Take-Over Bid and Insider Reporting
Issues, which also requires a report to be filed with regulatory
authorities in each of the jurisdictions in which Montana is a
reporting issuer containing information with respect to the foregoing
matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with Montana's
documents on the System for Electronic Document Analysis and Retrieval
and may also be obtained by contacting Melanie Perry on behalf of the
Offeror at #44 (0) 1624 632 100.
The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the accuracy or adequacy of this press release.
SOURCE: Montana Exploration Corp.