CALGARY, ALBERTA--(CCNMatthews - April 23,
2007) - Marauder Resources East Coast Inc. (TSX ENTURE:MES)
("Marauder" or the "Company") is pleased
to announce that John C. Loewen, a director of Marauder, has
accepted the appointment as Interm Chief Financial Officer
effective April 20, 2007. Mr. Loewen is the Chief Executive
Officer of Loewen & Partners Corporate Services Inc.,
an investment banking firm that specializes in assisting with
access to institutional growth capital, since 2002. Mr. Loewen
has 19 years of international experience in finance.
The Company also announces today that, pursuant to Marauder's
stock option plan, the Company has granted options to acquire
up to an aggregate of 1,175,000 common shares to certain directors,
officers and consultants to the Company. Each of the options
is for a five (5) year term, expiring on April 19, 2012 and
exercisable until that time at a price of $0.25 per common
share.
In addition, due to current market conditions, the Company
also announces that it has reduced the exercise price of 3,400,000
stock options granted in 2004 and 2005 ranging from $0.65
to $1.50 per share to $0.25 per share and has extended the
terms of those stock option to an additional five (5) years.
The reduction of the exercise price is subject to acceptance
by the TSX Venture Exchange. All amendments to the stock option
grants are subject to shareholder approval, which the Company
will be seeking at its upcoming Annual General Meeting.
FOR FURTHER INFORMATION PLEASE CONTACT:
Marauder Resources East Coast Inc.
Robert V. Shields
(403) 262-3907
Email: rvs@maraudernrg.ca
or
Marauder Resources East Coast Inc.
720, 440 - 2nd Avenue S.W.
Calgary, Alberta T2P 5E9 |
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The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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