CALGARY, Oct. 6, 2014 /CNW/ - Montana
Exploration Corp. ("MTZ") (TSXV:MTZ) announces that it is
acquiring all of the acreage held with its joint venture partner
within its area of mutual interest in Montana, which is comprised of approximately
36,000 net acres, for the purchase price of $4 million USD to re-establish MTZ's 100% working
interest across its joint venture block. MTZ is pursuing a
development drilling program offsetting its recent discovery in the
Upper Shaunavon. MTZ's acreage is an extension of the
Shaunavon oil pool in
Saskatchewan. The acquisition will increase the impact of new
development drilling activities on MTZ and enhance the ability of
the company to partner on future exploration activities. The
acquisition is scheduled to close during October 2014.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking information" or "forward-looking" statements"
(collectively "forward-looking information") within the meaning of
applicable securities legislation. Forward-looking information is
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"anticipate", believe", "expect", "plan", "intend", "forecast",
"target", "project", "guidance", "may", "will", "should" "could",
"estimate", "predict" or similar words suggesting future outcomes
or language suggesting an outlook.
Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which
could cause actual results to vary and in some instances to differ
materially from those anticipated by Montana and described in the forward-looking
information contained in this press release. Undue reliance should
not be placed on forward-looking information. The material risk
factors include, but are not limited to: failure of Montana to obtain necessary regulatory, stock
exchange and other third party approvals; the possibility that
government policies or laws may change or governmental approvals
may be delayed or withheld; and Montana's ability to implement its business
strategy. Readers are cautioned that the foregoing list of risk
factors is not exhaustive.
The forward-looking statements and information contained in this
press release are also affected by the risk factors,
forward-looking statements and assumptions and uncertainties
described in Montana's reports on
file with applicable securities regulatory authorities and which
may be accessed on Montana's each
party's SEDAR profile at www.sedar.com. Readers are cautioned
that the foregoing list of factors that may affect future results
is not exhaustive. When relying on our forward-looking
statements to make decisions with respect to Montana, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Furthermore, the forward-looking statements
contained in this press release are made as of the date of this
press release and Montana does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. The forward-looking statements contained in
this press release are expressly qualified by this cautionary
statement.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Montana Exploration Corp.