VANCOUVER, BC, Jan. 25,
2023 /CNW/ - MCF Energy Ltd. (TSXV: MCF)
(FRA: DC6) ("MCF Energy" or the "Company") the
Company announces that Mr. Frank
Giustra directly acquired an aggregate of 1,200,000 common
shares in a series of transactions through the facilities of the
TSX Venture Exchange. Prior to the acquisition of common shares,
Mr. Giustra and his related entities directly and indirectly owned
17,700,000 common shares of MCF Energy, representing approximately
9.61% of the outstanding common shares of the Company. Following
the acquisition of common shares, Mr. Giustra, directly and
indirectly now owns 18,900,000 common shares of MCF Energy,
representing approximately 10.26% of the outstanding common shares
of the Company.
Mr. Giustra may in the future acquire or dispose of securities
of the Company, through the market, privately or otherwise, as
circumstances or market conditions warrant. A copy of the Early
Warning Report filed by Mr. Giustra may be obtained from the
Company's SEDAR profile.
For corporate updates, please register to our mailing list at
www.MCFEnergy.com and follow us at www.Twitter.com/MCFEnergy.
Additional information on the Company and the Transaction is
available at www.sedar.com under the Company's profile.
About MCF Energy
MCF Energy believes the answer to Europe's energy security is right beneath the
surface. The Company's goal is to find new natural gas discoveries
in Europe and create wealth for
its stakeholders. MCF Energy has secured interests in two
significant natural gas exploration projects in Austria and Germany and is evaluating additional
opportunities. The Company's leaders have extensive experience in
the European energy sector and are working to develop a cleaner,
cheaper, and more secure natural gas industry as a transition to
renewable energy sources.
Cautionary Statements:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE MCF Energy Ltd.