Decklar Resources Inc. Announces Amendment to Funding Transaction with San Leon
December 15 2020 - 2:18PM
Decklar Resources Inc. (DKL-TSX Venture) announces
that further to its press releases dated August 31, September 30,
2020, November 2, 2020, and November 23, 2020 regarding the
Subscription Agreement entered into with a subsidiary of San Leon
Energy Plc, the parties have agreed to extend the completion date
to early in the new year in order to finalize certain conditions
precedent in the Subscription Agreement.
Closing of this transaction has continued to
take longer than expected due to various travel and logistical
restrictions in place as a response to Covid-19. Despite these
delays, progress has continued. Due to the nearing Christmas/New
Year holiday season, the parties have decided to extend the
completion of this transaction to early 2021. All other terms of
the transaction remain unchanged.
For further information:
Duncan T. BlountChief Executive Officer Telephone: +1 305 890
6516Email: dblount@decklarresources.com
David HalpinDecklar Petroleum Telephone: +1 403 816
3029Email: davidhalpin@decklarpetroleum.com
Investor Relations: info@decklarresources.com
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.
Cautionary Language
Certain statements made and information
contained herein constitute "forward-looking information" (within
the meaning of applicable Canadian securities legislation). All
statements in this news release, other than statements of
historical facts, including statements with respect to the Company
satisfying all outstanding conditions precedent in order to
complete the transaction with San Leon are forward-looking
statements. Such statements and information (together, "forward
looking statements") relate to future events or the Company's
future performance, business prospects or opportunities.
All statements other than statements of
historical fact may be forward-looking statements. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect, "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements". Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. The Company believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon.
The Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, changes in oil
prices, results of exploration and development activities,
uninsured risks, regulatory changes, defects in title, availability
of materials and equipment, timeliness of government or other
regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of
third party service providers, equipment and processes relative to
specifications and expectations and unanticipated environmental
impacts on operations. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
The Company provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
does not assume the obligation to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities
laws.
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