/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
CALGARY, Feb. 6, 2014 /CNW/ - Montana Exploration Corp. ("Montana") (TSXV:MTZ) announces that it has entered into a share exchange
agreement with ANG Partners, Ltd. ("ANG"), an affiliate of James Collins, a control person and director of
Montana, pursuant to which Montana will purchase 7,777,778 common
shares (the "Waldron Shares") in the capital of Waldron Energy Corporation ("Waldron") from ANG in exchange for the issuance to ANG of 14,000,000 common
shares in the capital of Montana (the "Share Exchange") at a price of $0.25 per Montana share. ANG subscribed for the Waldron
Shares at $0.45 per share for gross proceeds of $1,500,000 and
$2,000,000 in connection with the previously announced extensions of
the outside date for the closing of the previously announced
arrangement between Montana and Waldron.
About Montana Exploration Corp.
Montana is a Canadian junior oil and gas exploration and production
company focusing on the Shaunavon oil opportunities underlying its
extensive land holdings in the state of Montana. In the United States
the company operates through its wholly owned subsidiary, Montana Land
& Exploration, Inc. Montana's common shares are listed on the TSX
Venture Exchange under the trading symbol "MTZ". Additional
information regarding Montana is available under Montana's profile at www.sedar.com or at Montana's website, www.montanaexplorationcorp.com.
Forward Looking Statements
Certain statements contained in this document constitute
"forward-looking statements" and/or "forward-looking information"
within the meaning of applicable securities laws (collectively referred
to as forward-looking statements). Forward-looking information is
often, but not always, identified by the use of words such as
"anticipate", "believe", "expect", "plan", "intend", "forecast",
"target", "project", "guidance", "may", "will", "should", "could",
"estimate", "predict" "propose" or similar words suggesting future
outcomes or language suggesting an outlook. Forward-looking statements
in this press release include, but are not limited to statements about
the prospect for, and timing of the completion of the Share Exchange.
The Share Exchange is subject to Montana receiving regulatory approval
from the TSXV.
Forward-looking statements and information contained in this press
release are based on our current beliefs as well as assumptions made
by, and information currently available to, us. Although we consider
these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this
press release involve inherent risks and uncertainties, both general
and specific, and risks that predictions, forecasts, projections and
other forward-looking statements will not be achieved. We caution
readers not to place undue reliance on these statements as a number of
important factors could cause the actual results to differ materially
from the beliefs, plans, objectives, expectations and anticipations,
estimates and intentions expressed in such forward-looking statements.
These factors include, but are not limited to the failure to complete
the Share Exchange and any failure to obtain any required regulatory
approvals. No assurance can be given that any of the events
anticipated by the forward-looking information and statements will
transpire or occur or, if any of them does, what benefits Montana will
derive from them. Readers are cautioned that the foregoing list of
factors that may affect future results is not exhaustive. When relying
on our forward-looking statements to make decisions with respect to
Montana, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. Furthermore, the
forward-looking statements contained in this press release are made as
of the date of this document and we do not undertake any obligation to
update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by applicable law. The forward-looking
statements contained in this press release are expressly qualified by
this cautionary statement.
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.
SOURCE Montana Exploration Corp.