CALGARY, ALBERTA -- (Marketwired) -- 04/26/13 -- Marauder Resources East Coast Inc. ("Marauder" or the "Company") (TSX VENTURE: MES) announces that Mr. Jon Axford has resigned from the Board of Directors, effective April 25, 2013.
"Jon has given Marauder a lot of support over the past number of years and he will be missed. Jon has indicated he will still be available to the Company on a consulting basis, if and when required," said Robert V. Shields, President and Chief Executive Officer.
The Company is pleased to announce that Mr. Mohamud H. Haji of Horizon Energy, UAE, has been appointed a board member of the Company, effective April 25, 2013, subject to TSX Venture Exchange acceptance.
Mr. Haji worked as an instrumentation and control engineer for the Abu Dhabi National Oil Company for 25 years. He then started IMV Projects, Middle East, which was purchased by the Wood Group two years later. Mr. Haji subsequently joined Horizon Energy where he is the Chief Operating Officer of one of the Horizon Companies, with over 2200 employees. Horizon Energy is a holding company for a wide range of interests, specializing in oil & gas, E&P, support services and offshore/on-shore facilities. Mr. Haji travels extensively throughout the Middle East, North Africa, Asia, India and Brazil, sourcing out investment opportunities specific to petroleum exploration rights and oil & gas service related projects.
This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Marauder Resources East Coast Inc.
Robert V. Shields
720, 440 - 2nd Avenue, S.W.
Calgary, Alberta T2P 5E9
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