Based on the overwhelmingly positive response to its agreement with
"Petro One is now in a strong position to drill the first wells," said
The Company will issue 8,000,000 units at the price of
The proceeds from the second private placement will be used for the Company's general working capital purposes. All shares issued pursuant to the offering and any shares issued pursuant to the exercise of warrants or finder's warrants will be subject to a four-month hold period from the closing date. Closing of both financings is scheduled for
The Company will report on further developments as they occur.
ON BEHALF OF THE BOARD
"Peter Bryant" President& Director
Certain statements contained herein constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. With respect to forward looking statements herein, the Company has made assumptions, and, although the Company believes that the expectations reflected in the forward-looking statements contained herein, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included herein, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous risks and uncertainties that contribute to the possibility that the forward-looking statements will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections. The forward-looking statements contained herein are made as of the date hereof. The Company does not undertake any obligation to, nor does it intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. In addition, readers are cautioned that historical results are not necessarily indicative of future performance.
FOR FURTHER INFORMATION PLEASE CONTACT:
King James Capital Corporation Jeff StuartInvestor Relations (604) 805 0375 email@example.com Petro One Energy Corp.604 566 9089 Toll free: 877 566 9089 604 564 8003 (FAX) www.PetroOneEnergy.comwww.Twitter.com/PetroOneEnergy Source: Petro One Energy Corp.