ENP Newswire -
Release date- 22082014 -
The gross proceeds from the sale of the Flow Through Shares will be used to fund Canadian development expenses at Minnehik -
The Flow Through Shares issued in connection with the private placement are subject to a hold period of four months under applicable securities laws. The private placement is subject to the final approval of the
Kallisto has a diversified asset base with abundant near term development drilling opportunities, including:
Cardium light oil at Minnehik -
Elkton light oil and Lower Mannville liquids-rich gas at
Kallisto is targeting to spend up to
The Company previously announced its intention to sell a non-core infrastructure asset in the
Kallisto also announces it has filed its Condensed Interim Consolidated Financial Statements for the three and six months ended
These documents are available for viewing under Kallisto's profile at www.sedar.com.
Kallisto is a
President and Chief Executive Officer
Tel: (403) 237-9996
Forward Looking Information
The reader is advised that some of the information contained herein may constitute forward looking statements within the meaning assigned by National Instrument 51-102 and other relevant securities legislation. It includes, but is not limited to, statements with respect to: the proposed use of proceeds from the private placement; drilling opportunities on Company lands; the Company's 2014 - 2015 development drilling program; the potential sources of capital to fund the 2014 - 2015 development drilling program and the potential sale of non-core assets.
Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'scheduled', 'potential', or other similar words, or statements that certain events or conditions 'may', 'should' or 'could' occur.
Forward-looking information is based on the Company's expectations regarding its future growth, results of operations, production, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, plans for and results of drilling activity, environmental matters, business prospects and opportunities.
Such forward looking information reflects management's current beliefs and assumptions and is based on information currently available to it. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof.
The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Forward-looking information involves significant known and unknown risks and uncertainties.
A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information including risks associated with the impact of general economic conditions, industry conditions, governmental regulation, volatility of commodity prices, currency fluctuations, imprecision of reserve and resource estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the Company's ability to access sufficient capital from internal and external sources.
Additional risks and uncertainties are described in the Company's Annual Information Form dated
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