MOO Moon River Capital Ltd

Mooncor Oil & Gas Corp. ("Mooncor")(TSX VENTURE:MOO) announced today that Gerry
Feldman has joined its board of directors to replace John Loh who has resigned
to focus on other responsibilities. 


The board would like to thank John for his invaluable contributions to Mooncor
over the previous five years since his appointment as a director in 2007.


Gerry Feldman is a Chartered Accountant and currently Vice President, Corporate
Development and Chief Financial Officer of Pinetree Capital Ltd. (TSX:PNP). He
has 28 years of merger and acquisition activities, corporate finance and
financial experience. Prior to joining Pinetree, Mr. Feldman was a senior
Partner in a number of accounting firms where he provided services to clients,
specializing in audits and corporate finance activities for public companies,
and brokerage and mutual fund dealers. In addition to his accounting and finance
experience, he holds senior officer and director positions in several mining
companies that are listed on both the TSX and the TSX Venture Exchanges. Mr.
Feldman is an officer of Pinetree Capital Ltd. which is a significant
shareholder of Mooncor.


In addition, the board of directors has approved the grant of 361,250 stock
options to several of its non-executive directors, including 150,000 to each of
its two new directors (Mr. Feldman and Richard Patricio (who was appointed a
director on July 26, 2011)), at an exercise price of $0.14 per common share
expiring on November 30, 2021.


Mooncor currently has 121,953,956 issued and outstanding common shares and
accordingly can grant up to 12,195,395 stock options pursuant to its stock
option plan. Including the grant announced today, Mooncor currently has
11,661,250 stock options outstanding.


Business of Mooncor Oil & Gas Corp.

Mooncor Oil & Gas Corp. is a junior oil and gas exploration and development
company focusing on shale gas opportunities. Mooncor's current emphasis is on
securing a joint venture partner for its proven Muskwa/Duvernay shale gas
project at Hamburg, Alberta. It is also pursuing opportunities to realize
near-term value from its southwest Ontario assets, potentially through a
spin-off into a new entity.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Mooncor believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the expectations of
any forward looking statements will prove to be correct. Except as required by
law, Mooncor disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions, changes in
factors affecting such forward looking statements or otherwise.

Moon River Capital (TSXV:MOO)
Historical Stock Chart
From Apr 2024 to May 2024

Moon River Capital (TSXV:MOO)
Historical Stock Chart
From May 2023 to May 2024