VANCOUVER, BC, Aug. 30,
2022 /CNW/ - Canada Energy Partners Inc. (NEX: CE.H)
(the "Company") is pleased to announce that it has completed the
first closing of its previously announced private placement of
units for gross aggregate proceeds of $227,500. The units were issued at $0.05 and consist of a common share and a share
purchase warrant entitling the holder to acquire an additional
common share at an exercise price of $0.15 for a period of 12 months. The Company paid
finder's fees to eligible arm's length parties in the aggregate
amount of $13,800 representing 8% of
the subscriptions secured by the finders and also issued and
aggregate of 276,000 finder's warrants. The securities issued under
the first closing of units are subject to a 4 month hold period in
accordance with applicable securities laws.
The securities being offered under the private placement have
not been, nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws and
may not be offered or sold within the
United States or to, or for the account or benefit of, U.S.
persons absent U.S. federal and state registration or an applicable
exemption from the U.S. registration requirements. This release
does not constitute an offer for sale of securities in the United States.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This press release contains forward-looking statements within
the meaning of applicable securities laws. Forward-looking
statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words or statements that certain events or
conditions "may" or "will" occur, including, without limitation,
estimated revenues. Forward-looking statements in this press
release include statements about the anticipated filing deadline
for the Annual Filings. Forward-looking statements are subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
projected in the forward-looking statements. These factors include,
without limitation, the failure to file the Annual Filings by the
anticipated date. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The
forward-looking statements contained in this press release are made
as of the date hereof, and the Company undertakes no obligation to
update publicly or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless
so required by law.
SOURCE Canada Energy Partners Inc.