Mart Resources Announces Appointment of New Director
July 08 2008 - 9:00AM
Marketwired Canada
Mart Resources, Inc. (TSX VENTURE:MMT) - The Board of Directors of Mart
Resources Inc., (the Board) are pleased to announce the appointment of Michael
B.A. Nobbs as a director of the Company. Mr. Nobbs' appointment is effective
immediately.
Mr. Nobbs has over 33 years of experience as both a principal and corporate
advisor in the areas of investment banking and corporate and project finance.
Mr. Nobbs has participated in various forms of corporate transactions including
debt and project finance, corporate mergers and acquisitions and equity
fundraising. He is currently a director of a number of privately-held and
publicly-listed companies and has considerable experience in corporate
governance, finance, executive compensation and remuneration and audit committee
matters.
The Board is pleased to add the knowledge and experience of Mr. Nobbs who will
join the incumbent board members elected at the shareholders meeting recently
completed on June 26, 2008.
Mart also announces the issuance of options to acquire 350,000 common shares of
the Corporation to its new director. The options, which vest as to 1/3
immediately, 1/3 on the first anniversary of the date of issuance and 1/3 on the
second anniversary of the date of issuance, are exercisable at $0.62 per common
share and expire on the fifth anniversary of the date of issuance.
Certain statements in this News Release constitute forward-looking statements.
Such forward-looking statements involve 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.
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