News Column

Newton Energy Corporation Announces Amendments to Proposed Private Placement

Aug 30 2013 12:00AM

Marketwire

LogoTracker

CALGARY, ALBERTA -- (Marketwired) -- 08/30/13 -- Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE: NTN) announces that further to its press release dated August 28, 2013, the Company amends its previously announced non-brokered private placement from up to 23,000,000 units (the "Units") of Newton at a price of $0.01 per Unit for aggregate gross proceeds of up to $230,000 to up to 17,500,000 Units at a price of $0.015 per Unit for aggregate gross proceeds of up to $262,500 (the "Offering"). All other terms remain the same.

About Newton

Newton holds UK East Midlands assets and is an emerging exploration and production company. Newton is in discussions with several potential partners to facilitate field appraisal and development of the Belvoir Prospect.

ADVISORY

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.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to receipt of regulatory approval of the Offering. Statements included herein, other than statements of historical fact, including, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Newton's disclosure documents on the SEDAR website at www.sedar.com Newton does not undertake to update any forward-looking information except in accordance with applicable securities laws.



Contacts:
Newton Energy Corporation
Merv Chia
CEO and Executive Chairman
merv.chia@newtonenergy.ca

Newton Energy Corporation
Art Bray
CFO
art.bray@newtonenergy.ca

Newton Energy Corporation
Suite 200, 638-11th Avenue SW
Calgary, Alberta T2R 0E2
1 403 410-3822





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters