James W. Collins Files Early Warning Report
(firmenpresse) - MCALLEN, TEXAS -- (Marketwired) -- 12/16/13 -- James W. Collins of 900 East Lakeview Drive McAllen, Texas (the "Offeror") acquired through Rioco Partners, Ltd. ("Rioco"), beneficial ownership and control of 1,333,333 common shares ("Common Shares") of Montana Exploration Corp. ("Montana") pursuant to an extension and amending agreement wherein Rioco extended the availability of the principal amount of $1,000,000 owed by Montana to Rioco to November 1, 2014 (the "Debt Extension") and during a period ranging from June 11, 2013 to July 31, 2013, the Offeror indirectly, acquired beneficial ownership and control of 693,437 Common Shares at prices from $0.15 to $0.20 on the TSX Venture Exchange (the "Market Purchase") and acquired, through ANG Partners, Ltd. ("ANG"), beneficial ownership and control of 625,000 Common Shares at a price of $0.25 pursuant to the exercise of 625,000 warrants (the "Standby Warrants" and, together with the Debt Extension and Market Purchases, the "Acquisitions"), granted in connection with ANG's standby commitment under Montana's rights offering which closed June 4, 2013. The Common Shares acquired pursuant to the Acquisitions represent 3.03% of the issued and outstanding Common Shares.
Upon closing of the Acquisitions, Collins beneficially owns and controls 39,901629 Common Shares, representing approximately 45.63% of the issued and outstanding Common Shares.
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 issued in connection with the Debt Extension were issued to the Offeror in reliance upon the employee, executive officer, director and consultant exemption in Section 2.24 National Instrument 45-106 - Prospectus and Registration Exemptions ("NI 45-106"). The Common Shares issued in connection with the Standby Warrants were issued in reliance upon the conversion, exchange or exercise exemption in Section 2.42 of NI 45-106.
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 Maggie Thompson on behalf of the Offeror at (956) 686-5491.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this press release.
Contacts:
Maggie Thompson
(956) 686-5491
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Datum: 16.12.2013 - 19:49 Uhr
Sprache: Deutsch
News-ID 324731
Anzahl Zeichen: 4823
contact information:
Town:
MCALLEN, TEXAS
Kategorie:
Oil & Gas
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"James W. Collins Files Early Warning Report"
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