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Bruner was previously chairman and chief executive of Falcon Oil & Gas and served as Ultra Petroleum´s founding Chairman

Jared Lazeson, president and chief executive of MGX, told investors on Monday: ""Mr Bruner is one of the original developers of the unconventional oil and gas business and is a rare breed of visionary businessmen able to recognize and advance fundamental paradigm shifts in the energy industry.

MGX Minerals Inc (CNSX:XMG) described as a "visionary businessman" Marc Bruner, who it today named as its new chairman and head of acquisitions at PetroLithium Corp of America - its new subsidiary.

Bruner joins Dr Larry Marks, formerly of oil giant Royal Dutch Shell along with others, on the PetroLithium corporate team.

He was previously chairman and chief executive of Falcon Oil & Gas and served as Ultra Petroleum´s founding Chairman where he was involved in developing the Pinedale Anticline in Wyoming, which is now recognized as one of the largest unconventional natural gas fields in the US.

While serving these companies, Bruner oversaw negotiations and contracts with global oil and gas companies including Halliburton, Exxon Mobil, Questar Gas and Hess Corporation.

Jared Lazeson, president and chief executive of MGX,  told investors on Monday: ""Mr Bruner is one of the original developers of the unconventional oil and gas business and is a rare breed of visionary businessmen able to recognize and advance fundamental paradigm shifts in the energy industry.

"Among many other assets, in the past 20 years Mr. Bruner built Ultra, Falcon, and Pennaco, an unrivaled achievement in the unconventional energy industry."

Earlier this month the firm successfully extracted lithium from oil sands wastewater and with partner PurLucid is now preparing for deployment of the pilot plant shortly with commercial scale deployment expected during the second half of this year.

MGX´s process potentially reduces recovery times of lithium and other valuable minerals from 18 months to one day, compared with conventional lithium extraction.

Bruner said: "MGX is the first company to separate lithium from oil well wastewater. I am excited about bringing my experience in the unconventional oil and gas business into a new industry where creative thinking is required. Being first positions MGX to be the growth leader in this energy industry paradigm shift."

Source: http://www.proactiveinvestors.com/companies/news/172377/mgx-minerals-inc-welcomes-one-of-the-original-developers-of-the-unconventional-oil-and-gas-business--172377.html

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