VANCOUVER, BC, March 23,
2023 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA:
DC6) (OTCQX: MCFNF) ("MCF Energy" or the "Company")
is pleased to announce that the Company's common shares have
qualified to trade on the OTCQX® Best Market, graduating
from the Pink® market. MCF Energy will commence trading
tomorrow, March 24th, 2023
on OTCQX under the symbol "MCFNF." U.S. investors can find current
financial disclosure and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
James Hill, CEO of MCF Energy,
stated, "We are pleased to commence trading on the OTCQX Market,
the premiere tier of the OTC Market, as we remain focused on
delivering large-scale natural gas exploration for Europe's energy security. Graduating to the
OTCQX helps a broader audience of investors access information
about our Company and trade our shares. To qualify for OTCQX, firms
must meet high financial standards, follow best practice corporate
governance and demonstrate compliance with applicable securities
laws. We are grateful to Securities Law USA, PLLC for acting as our sponsor in this
endeavor."
About MCF Energy
MCF Energy was established in 2022 by leading energy executives
to strengthen Europe's energy
security through responsible exploration and development of natural
gas resources within the region. It 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. MCF is a publicly-traded company (TSX.V:
MCF; FRA: DC6; OTCQX: MCFNF) and headquartered in Vancouver, British Columbia. For further
information, please visit: www.mcfenergy.com.
Additional information on the Company and the Transaction is
available at www.sedar.com under the Company's profile.
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.
Forward-Looking Information
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. The information in this news release about the completion
of the proposed transaction and financing described herein, and
other forward-looking information includes but is not limited to
information concerning the intentions, plans and future actions of
the parties to the transactions described herein and the terms of
such transaction. Factors that could cause actual results to differ
materially from those described in such forward-looking information
include, but are not limited to, risks related to the Company's
inability to perform the proposed transactions.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to complete the planned transaction and activities. The
Company has also assumed that no significant events will occur
outside of the Company's normal course of business. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
SOURCE MCF Energy Ltd.
