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An independent oil & gas company focussing on bringing African oil fields into production that are proven but have not yet been developed.

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Appoints Financial Advisor to Assist With Strategic Alternative Process

posted on Mar 05, 2009 05:57AM
March 5, 2009
Mart Appoints Financial Advisor to Assist With Strategic Alternative Process
CALGARY, ALBERTA--(Marketwire - March 5, 2009) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to announce that further to its press release of February 11, 2009, it has retained Research Capital Corporation to act as exclusive financial advisor to review, evaluate and assist the Company in respect of possible strategic alternatives to maximize shareholder value in the near term. These strategic alternatives may include the sale of the Company or its assets (including its oil and natural gas property interests, drilling rigs and equipment), an amalgamation or reorganization with a company having a strong capital position, or such other transaction with the intent of maximizing shareholder value.

Mart's working capital deficiency has increased significantly since it reported its third quarter financial results. Mart, together with its financial advisor, is therefore currently endeavoring to raise additional funds to bridge the Company through to completion of a strategic alternative transaction.

Research Capital is a full service investment dealer with an energy and mining focus and has been actively working with a wide range of emerging international oil and gas companies, including a number that are similar in profile and size to Mart. Parties interested in pursuing a strategic transaction with Mart are requested to contact P. Gage Jull, Managing Director, Energy Investment Banking at Research Capital Corporation - Telephone: (416) 860-7614; Cell: (416) 562-7525 or by email: [email protected].
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