ENP Newswire -
Release date- 27062014 -
The private placement ('Placement') consisted of 6,503,554 CDIs (representing 6,503,554 common shares) to raise
Proceeds from the Placement will be used primarily on appraisal programs on
The capital raising was jointly led by
Tel: +1 855-463-2400
Tel: +1 403-483-8363
By definition of the COGE Handbook - 'Undiscovered resources are those quantities of oil and gas estimated on a given date to be contained in accumulations yet to be discovered.' Further the Handbook states - Caution (per NI 51-101/5.9(2)(v)(B)) - 'There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.' In addition, per NI 51-101/5.6 'the estimated values disclosed do not represent fair market value.'
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. The use of any of the words 'anticipate', 'continue', 'estimate', 'expect', 'may', 'will', 'project', 'should', 'believe', and similar expressions are intended to identify forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company.
Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See 'Risks and Uncertainties' in the Company's Filing Statement dated
These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
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