Core Viewpoint - Marksmen Energy Inc. plans to seek shareholder approval for a consolidation of its common shares at a ratio of one post-consolidation share for every forty pre-consolidation shares, subject to regulatory approval [1][2]. Group 1: Consolidation Details - The current number of issued and outstanding common shares is 211,398,380, which is expected to reduce to approximately 5,284,960 shares if the consolidation is completed on a 40 for 1 basis [2]. - The purpose of the consolidation is to align the outstanding common share amounts with other listed issuers on the TSX Venture Exchange, aiming to promote increased liquidity and reduced volatility in trading [2][3]. Group 2: Shareholder Meeting - The consolidation proposal will be presented to shareholders at the annual general and special meeting scheduled for February 25, 2026 [3]. - The Board believes that the consolidation will make the price per common share more attractive to future investors, while the company's name and trading symbol will remain unchanged [3]. Group 3: Additional Information - Further details regarding the consolidation are available in the management information circular dated January 14, 2026, which can be accessed on www.sedarplus.ca [4].

Core Viewpoint - Marksmen Energy Inc. has appointed Greg T. Busby to its Board of Directors, bringing extensive experience in the oil and gas industry to the company [1][4]. Company Overview - Marksmen Energy Inc. is focused on advancing its mission to unlock potential opportunities and achieve future success in the energy sector [4]. Leadership Experience - Greg T. Busby has over 34 years of experience in the oil and gas industry, with a strong background in corporate transactions, executive leadership, and capital raising [2][3]. - Prior to joining Marksmen, Mr. Busby served as President, CEO, and Director of WesCan Energy Corp. for over 12 years, leading the company until October 2023 [3]. Strategic Contributions - Mr. Busby has a proven track record in restructuring and refinancing distressed energy companies, significantly improving production, reserves, and financial performance [4]. - His leadership is expected to be critical in advancing corporate initiatives and accelerating growth within the energy sector in Canada and the United States [4].

Group 1 - Marksmen Energy Inc. announces that its common shares are expected to resume trading on the TSX Venture Exchange shortly [1] - The Corporation has agreed to hold an annual general meeting of its shareholders no later than December 31, 2025, as part of the review process by the Exchange [2] - Marksmen is exploring options for financing through debt or equity to cover general and administrative expenses and to potentially acquire new oil and gas projects in the Appalachian Basin [3]

Core Points - Marksmen Energy Inc. has terminated its letter of intent with T1 Technology Corporation due to the inability to finalize a definitive agreement by the deadline [1] - The company is actively involved in exploration and production in the Appalachian Basin, USA [1] Drilling Activities - In Ohio, a joint interest partner is drilling a well at 100% of their cost, nearing total depth, which is on a property targeted by Marksmen's 3D seismic [2] - Marksmen will earn a 6% gross overriding royalty after payout from this well [2] - Another joint venture partner has acquired a portion of Marksmen's lease and will also drill a well at 100% of their cost, granting Marksmen a 5% gross overriding royalty after payout [2] - The company is reviewing drilling opportunities from its 3D seismic data, including targets in the Trenton Black River Formation [2] Acquisition Plans - Marksmen's team is assessing new oil and gas projects in the Appalachian Basin for possible acquisition [3] - The company is working with the TSX Venture Exchange to resume trading of its common shares [3]

Core Viewpoint - Marksmen Energy Inc. has announced the completion of its annual financial statements and interim financial statements, which were delayed, leading to the issuance of a management cease trade order (MCTO) by the Alberta Securities Commission (ASC) [1][2][3] Group 1: Management Cease Trade Order (MCTO) - The ASC issued an MCTO to Marksmen due to the delay in filing its annual financial statements for the year ended December 31, 2024 [1] - The MCTO is expected to be revoked following the completion of the Annual Filings and Q1 Filings, allowing the CEO and CFO to trade the company's securities within two business days [3] Group 2: Financial Filings - Marksmen filed its Annual Filings on June 16, 2025, which enabled the company to prepare and subsequently file its Q1 Filings [2] - The Q1 Filings, covering the three months ended March 31, 2025, were also filed after the Annual Filings were completed [2] Group 3: Company Communication - The company confirmed that there is no other material information regarding its affairs that has not been disclosed, aside from previous announcements [4] - Marksmen expressed gratitude to those who assisted in finalizing the Annual and Q1 Filings [4]

CALGARY, ALBERTA, May 15, 2025 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. ("Marksmen" or the "Company") announces that, further to its news release dated May 1, 2025, the Alberta Securities Commission, as principal regulator of the Company, has issued a management cease trade order ("MCTO") to Marksmen pursuant to its application under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") in respect of the default regarding the delay of the filing of its annual financial statements, accompanying ...