Midwestern Unable to Meet Financing Deadline for Mart Buy

Wednesday, August 19, 2015

Mart Resources, Inc. revealed that further to its previous announcements, under the terms of the Arrangement Agreement (as amended), Midwestern Oil and Gas Company Ltd. has until August 19 to complete its financing. However, Mart has been advised by Midwestern that it will not be able to complete the necessary financing to acquire Mart at $0.80 per common share.

Mart and Midwestern are continuing discussions regarding an alternative transaction at a lower price per Mart common share. There is no certainty that the discussions with Midwestern will result in an alternative transaction.

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