Montana Exploration Corp. Announces Share Exchange Agreement

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE DISTRIBUTION SERVICES/

CALGARY, Feb. 6, 2014 /CNW/ - Montana Exploration Corp. ("Montana") (TSXV:MTZ) announces that it has entered into a share exchange agreement with ANG Partners, Ltd. ("ANG"), an affiliate of James Collins, a control person and director of Montana,  pursuant to which Montana will purchase 7,777,778 common shares (the "Waldron Shares") in the capital of Waldron Energy Corporation ("Waldron") from ANG in exchange for the issuance to ANG of 14,000,000 common shares in the capital of Montana (the "Share Exchange") at a price of $0.25 per Montana share. ANG subscribed for the Waldron Shares at $0.45 per share for gross proceeds of $1,500,000 and $2,000,000 in connection with the previously announced extensions of the outside date for the closing of the previously announced arrangement between Montana and Waldron.

About Montana Exploration Corp.

Montana is a Canadian junior oil and gas exploration and production company focusing on the Shaunavon oil opportunities underlying its extensive land holdings in the state of Montana. In the United States the company operates through its wholly owned subsidiary, Montana Land & Exploration, Inc.  Montana's common shares are listed on the TSX Venture Exchange under the trading symbol "MTZ".  Additional information regarding Montana is available under Montana's profile at www.sedar.com or at Montana's website, www.montanaexplorationcorp.com.

Forward Looking Statements

Certain statements contained in this document constitute "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as forward-looking statements). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" "propose" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this press release include, but are not limited to statements about the prospect for, and timing of the completion of the Share Exchange.

The Share Exchange is subject to Montana receiving regulatory approval from the TSXV.

Forward-looking statements and information contained in this press release are based on our current beliefs as well as assumptions made by, and information currently available to, us. Although we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

By their very nature, the forward-looking statements included in this press release involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to the failure to complete the Share Exchange and any failure to obtain any required regulatory approvals.  No assurance can be given that any of the events anticipated by the forward-looking information and statements will transpire or occur or, if any of them does, what benefits Montana will derive from them.  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 document and we do 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.

For further information on Montana and the Share Exchange, please contact:

Montana Exploration Corp. 

Charles Selby
Chairman and Chief Executive Officer
Telephone: [phone]
Email: [email protected]

Kevin Donegan
Vice President Finance and Chief Financial Officer
Telephone: [phone]
Email: [email protected]