New Stratus Energy Announces Completion of Shares for Debt Transaction
18 Februar 2020 - 10:10PM
New Stratus Energy Inc. (TSX.V -
NSE) ("
New
Stratus" or the
"
Corporation") is pleased to
announce that on February 18, 2019 it completed its previously
announced shares for debt transactions (collectively, the
“
Shares for Debt Transactions”).
The Corporation sought and obtained TSXV
approval of the Shares for Debt Transactions in order to reduce the
indebtedness owed to certain arm’s length creditors of the
Corporation. The Corporation issued an aggregate of 984,718 common
shares (“Common Shares”) in the
capital of the Corporation at a deemed price of $0.20 per Common
Share to settle $196,943.60 of outstanding debt.
After completion of the Shares for Debt
Transactions the Company has an aggregate of 47,980,399 Common
Shares issued and outstanding.
Contact
Information:
Jose Francisco
Arata
Chief Executive
Officer
jfarata@newstratus.energy PH: +1-929-433-8849
Forward-Looking Information and
Reader Advisory
Certain information set out in this news release
constitutes forward-looking information, including information
relating to the Shares for Debt Transactions of the Corporation.
Forward-looking statements (often, but not always, identified by
the use of words such as ”expect”, “may”, “could”, “anticipate” or
“will” and similar expressions) may describe expectations, opinions
or guidance that are not statements of fact and which may be based
upon information provided by third parties. Forward-looking
statements are based upon the opinions, expectations and estimates
of management of the Corporation as at the date the statements are
made and are subject to a variety of known and unknown risks and
uncertainties and other factors that could cause actual events or
outcomes to differ materially from those anticipated or implied by
such forward-looking statements. In light of the risks and
uncertainties associated with forward-looking statements, readers
are cautioned not to place undue reliance upon forward-looking
information. Although the Corporation believes that the
expectations reflected in the forward-looking statements set out in
this news release, it can give no assurance that such expectations
will prove to have been correct. The forward-looking statements of
the Corporation contained in this news release are expressly
qualified, in their entirety, by this cautionary statement.
This news release is not an offer of securities
for sale in the United States. Securities may not be offered or
sold in the United States or to or for the account or benefit of
U.S. persons (as such terms are defined in Regulation S under the
United States Securities Act of 1933, as amended (the
“U.S. Securities Act”)), absent
registration or an exemption from registration. The securities
offered have not been and will not be registered under the U.S.
Securities Act or any state securities laws and, therefore, may not
be offered for sale in the United States, except in transactions
exempt from registration under the U.S. Securities Act and
applicable state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful.
Neither 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.
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