/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TSXV Trading Symbol: MVN
CALGARY, March 4, 2013 /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 1,260,000 Options
granted, a total of 1,000,000 Options were granted to Mr.
Thomas Love associated with his
recent appointment as Vice President, Finance and Chief Financial
Officer of the Corporation. Each Option has an exercise price
of $0.405 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 for issuance pursuant to Options up to 10% 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.
Madalena trades on the TSX Venture Exchange
under the symbol MVN. Basic corporate information, recent
news releases and regularly updated corporate presentations are
available on the Company's website at
www.madalena-ventures.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.