CALGARY, ALBERTA -- (Marketwired - Nov 25, 2014) - Brilliant Resources Inc. (TSX VENTURE:BLT) ("Brilliant") and Montana Exploration Corp. (TSX VENTURE:MTZ) ("Montana") announce that, further to each company's news release of October 7, 2014, they have agreed, in light of falling oil prices and associated falling share prices, that it is in the best interests of both companies not to proceed with the previously announced acquisition of Brilliant by Montana at this time. As a result, Brilliant and Montana have terminated their previously announced letter agreement. The parties reserve the right to revisit this transaction if in the future they determine it is then in the best interests of their shareholders.
About Brilliant Resources Inc.:
The common shares of Brilliant trade on the TSXV under the symbol BLT. Additional information about the Brilliant is available on SEDAR at www.sedar.com and at www.brilliantresources.com.
About Montana Exploration Corp.:
The common shares of Montana trade on the TSXV under the symbol MTZ. Additional information about Montana is available on SEDAR at www.sedar.com and at www.montanaexplorationcorp.com.
Neither 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
Contact
Brilliant Resources Inc. Courtenay Wolfe, Director 416-505-8555 info@brilliantresources.com www.brilliantresources.com
Montana Exploration Corp. Charles Selby, Chairman and CEO 403-265-9091 info@altacanada.com www.montanaexplorationcorp.com
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CALGARY, ALBERTA -- (Marketwired - Nov 25, 2014) - Brilliant Resources Inc. (TSX VENTURE:BLT) ("Brilliant") and Montana Exploration Corp. (TSX VENTURE:MTZ) ("Montana") announce that, further to each company's news release of October 7, 2014, they have agreed, in light of falling oil prices and associated falling share prices, that it is in the best interests of both companies not to proceed with the previously announced acquisition of Brilliant by Montana at this time. As a result, Brilliant and Montana have terminated their previously announced letter agreement. The parties reserve the right to revisit this transaction if in the future they determine it is then in the best interests of their shareholders.
