/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./
CALGARY, Nov. 28, 2017
/CNW/ - Return Energy Inc. ("Return" or the
"Company") (TSX-V: "RTN") is pleased to announce that it
intends to complete a non-brokered private placement (the
"Offering") of common shares (the "Flow-Through
Shares") at a price of $0.10
per Flow-Through Share for aggregate gross proceeds of up to
$899,000. The Flow-Through
Shares will be issued on a Canadian-exploration expense
flow-through basis under the Income Tax Act (Canada).
The proceeds of the Offering will be used by Return to further
its development activities in the Rycroft, Gordondale and Valhalla areas of Alberta.
The Company intends to close the Offering on or around
December 15, 2017. The Company may
pay finder's fees consisting of cash and/or common shares pursuant
to the closing of the Offering.
The completion of the Offering is subject to the Company
receiving all necessary regulatory approvals, including approval
from the TSX Venture Exchange.
For further information
This news release is reproduced on Return's website at
www.returnenergyinc.com. For this and further information about
Return please visit the website or contact Ken Tompson (President & CEO) at
403-265-8011 ext. 224.
Neither the 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.
Reader Advisories
Forward-Looking Statements.
This news release contains forward-looking statements and
information. More particularly, this document contains statements
and information concerning the closing of the Offering and the use
of proceeds. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "will", "believe", "anticipate", "estimate", "scheduled",
"potential", or other similar words, or statements that certain
events or conditions "may", "should" or "could" occur. The
forward-looking statements and information are based on certain key
expectations and assumptions made by Return, including expectations
and assumptions concerning timing of receipt of required regulatory
approval, the completion of the Offering and the use of proceeds
from the Offering. Although Return believes that the expectations
and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the
forward-looking statements because Return can give no assurance
that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. These include, but are not
limited to, risks that required regulatory approvals are not
obtained and that the Offering is not completed due to other
closing conditions not being satisfied. There is no certainty
that the Offering will be completed. 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.
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
securities in the United States or
in any province, state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under securities laws of any such province, state or
jurisdiction. The securities referenced herein may not be
offered or sold in the United
States except in transaction exempt from or not subject to
the registration requirements of the United States Securities Act
of 1933, as amended, and applicable state securities laws.
This news release is not to be disseminated in the United States.
SOURCE Return Energy Inc
