CALGARY, ALBERTA--(Marketwire - Aug. 9, 2011) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Corporation") announces that Angela Clark has resigned as Chief Financial Officer ("CFO") of the Corporation effective July 31, 2011.
Mart has appointed James Saretsky, of Calgary, Alberta, as interim CFO while the Corporation conducts a search for a new CFO. Mr. Saretsky had provided consulting services to companies throughout Canada and internationally as a senior financial executive by fulfilling the role of CFO or Vice President, Finance, generally on an interim basis. He has also recently been involved in providing IFRS consulting services to oil and gas and other companies.
Mart is also pleased to announce the appointment of Rheman Dawood as Vice President, Finance - Nigeria, to be based in Lagos, Nigeria. Mr. Dawood is a Certified Management Accountant and Certified Internal Auditor with 30 years of oil and gas experience and an extensive background in upstream oil and gas, finance, operational and administrative systems. Most recently, he spent 15 years with Nexen Petroleum Nigeria Ltd. as VP, Finance/Administration based in Lagos, Nigeria.
Wade Cherwayko, CEO of the Corporation stated: "We are pleased to welcome Rheman Dawood to Mart. His significant Nigerian oil and gas accounting experience will be valuable to Mart as we meet the challenges arising from our growing production. We are also pleased to appoint James Saretsky as interim CFO while the Corporation undertakes a search for a new CFO. Mart would like to thank Angela Clark for her dedication, hard work and valued service to the Corporation and we wish her well in her future endeavors."
Additional information regarding Mart Resources, Inc. is available on the company's website at www.martresources.com.
Investors are also welcome to contact one of the following investor relations specialists for all corporate updates and investor inquiries:
|FronTier Consulting Ltd.|
|Mart toll free # 1-888-875-7485|
|Attn: Sam Grier|
Forward Looking Statements and Risks
Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
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