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TUS

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Share Name Share Symbol Market Type
TSXV:TUS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Tuscany Announces the Retention of Calgary-Based Stirling Merchant Capital Inc. and Brisco Capital Partners Corp. and the Gra...

31/03/2014 1:30pm

Marketwired Canada


Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce,
subject to TSX Venture Exchange acceptance, that it has retained Calgary-based
Stirling Merchant Capital Inc. ("Stirling") and Brisco Capital Partners Corp.
("Brisco") to provide investor relations and marketing services, including
organizing and coordinating road-shows, introducing management to market
participants, and assisting with the preparation and presentation of investor
and marketing materials. 


Stirling's business is primarily focuses on organizing road-shows for Canadian
listed public companies. Stirling is operated by Sam Grier and Natalya
Tatarinova. Combined they have over 15 years' experience as investor relations
professionals.


Brisco is a capital markets consultancy firm founded by Scott Koyich and has
been providing investor relations services to public companies for over 16
years.


Stirling and Brisco will assist Tuscany in fostering productive, continuing
dialogues with analysts, brokers, investors and other investment professionals
within the financial community.


The investor relations agreement between Tuscany and Stirling and Brisco is
effective immediately and shall have a term of 12 months unless extended by
mutual agreement or terminated earlier by a party with 30 days written notice.
Pursuant to the agreement, Tuscany will pay a monthly fee of $6,000 and grant
each of Stirling and Brisco 50,000 options exercisable at a price of $0.445 per
share. Other than the options, neither Stirling or Brisco or any of their
directors, officers or employees have any interest, directly or indirectly, in
Tuscany or it securities, or any right or intent to acquire such an interest. 


The investor relations agreement and the grant of the options are both subject
to the approval of the TSX Venture Exchange.


Tuscany also announces that its board of directors has granted to certain of its
officers and directors options to acquire an aggregate of 350,000 common shares
of Tuscany at a price of $0.445 per share pursuant to Tuscany's share option
plan. The options vest as to one-third on each of the first, second and third
anniversaries of the date of grant, and have a term of 5 years.


Under the rules and policies of the TSX Venture Exchange, the grant of 300,000
of the options is subject to the approval of both the TSX Venture Exchange and
disinterested shareholders, because such options were granted within two months
of the cancellation of other options held by the applicable directors and
officers. Accordingly, shareholders will be asked to approve such grant at the
annual and special meeting of shareholders of Tuscany to be held on April 30,
2014. Further details of the cancelled options and the grant of the new options
will be included in the information circular of Tuscany to be delivered to
shareholders in connection with the meeting, which information circular will
also be available on SEDAR at www.sedar.com. 


Tuscany Energy Ltd. is a Canadian oil-focused junior, with growth planned from
repeatable, horizontal oil development drilling. The Company's principal focus
is the exploitation of oil resources in Alberta and Saskatchewan and the
majority of its revenue is generated from oil sales in Saskatchewan.


Please refer to Tuscany's website at www.tuscanyenergy.com for more information
on the Company's Evesham and Macklin fields and other prospects in Alberta and
Saskatchewan. 


NEITHER THE 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tuscany Energy Ltd.
Robert W. Lamond
President & CEO
(403) 269-9889
(403) 269-9890 (FAX)


Tuscany Energy Ltd.
Donald K. Clark
Vice President Operations
(403) 269-9889
(403) 269-9890 (FAX)
www.tuscanyenergy.com

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