/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TSXV Trading Symbol: MVN
CALGARY,
Nov. 30, 2012 /CNW/ - The Board of
Directors of Madalena Ventures Inc. ("Madalena" or the
"Corporation") announces as part of its compensation process, the
grant of options ("Options") to new officers and existing employees
and consultants of the Corporation and its subsidiaries. Of
the 6,010,000 Options granted, a total of 4,600,000 Options were
granted to the newly hired officers of the Corporation or its
subsidiaries. Each Option has an exercise price of
$0.29 per share and is exercisable
for a period of five years from the date of grant.
The Corporation's rolling stock option plan was
approved by the shareholders at the Annual and Special Meeting of
shareholders held on June 14,
2012. The Corporation's stock option plan currently
reserves up to 31,430,719 Common Shares for issuance pursuant to
Options, which is equal to 10% of the number of issued and
outstanding Common Shares. Options to purchase 22,333,699
Common Shares are now outstanding, which is equal to approximately
7.1% of the number of issued and outstanding Common Shares.
About Madalena
Madalena is an independent, Canadian-based,
domestic and international upstream oil and gas company whose main
business activities include exploration, development and production
of crude oil, natural gas liquids and natural gas. The Company
currently has production and exploration operations in Canada and Argentina. Madalena is publicly traded on the
TSXV under the symbol "MVN".
MADALENA VENTURES INC.
On behalf of the Board
"Kevin
Shaw"
Kevin Shaw,
President and Chief Executive Officer
Forward Looking Statements
The information in this news release contains
certain forward-looking statements. These statements relate to
future events or our future performance. All statements other than
statements of historical fact may be forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue",
"estimate", "approximate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe", "would" and similar expressions. These
statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Corporation's
control, including: the impact of general economic conditions;
industry conditions; changes in laws and regulations including the
adoption of new environmental laws and regulations and changes in
how they are interpreted and enforced; fluctuations in commodity
prices and foreign exchange and interest rates; stock market
volatility and market valuations; volatility in market prices for
oil and natural gas; liabilities inherent in oil and natural gas
operations; uncertainties associated with estimating oil and
natural gas reserves; competition for, among other things, capital,
acquisitions, of reserves, undeveloped lands and skilled personnel;
incorrect assessments of the value of acquisitions; changes in
income tax laws or changes in tax laws and incentive programs
relating to the oil and gas industry ; geological, technical,
drilling and processing problems and other difficulties in
producing petroleum reserves; and obtaining required approvals of
regulatory authorities. The Corporation's actual results,
performance or achievement could differ materially from those
expressed in, or implied by, such forward-looking statements and,
accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or
occur or, if any of them do, what benefits that the Corporation
will derive from them. 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. The Corporation's
forward-looking statements are expressly qualified in their
entirety by this cautionary statement. Except as required by law,
the Corporation undertakes no obligation to publicly update or
revise any forward-looking statements. Investors are encouraged to
review and consider the additional risk factors set forth in the
Corporation's Annual Information Form which is available on SEDAR
at www.sedar.com.
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release does not constitute an
offer to sell or the solicitation of any offer to buy the
securities in any jurisdiction. The Common Shares will not be and
have not been registered under the United States Securities Act of
1933 and may not be offered or sold in the United States, or to a U.S. person, absent
registration, or an applicable exemption therefrom."
SOURCE Madalena Ventures Inc.