Intercept Energy Services Inc. Announces Private Placement
May 28 2014 - 3:31PM
Access Wire
VANCOUVER, BC / ACCESSWIRE / May 28, 2014 / INTERCEPT ENERGY SERVICES INC.
("Intercept" or the "Company") - TSX Venture: IES
-OTC:BB - IESCF announces a non-brokered private placement offering
of up to 10,000,000 units at $0.05 per unit for proceeds of up to
$500,000. Each unit will consist of one common share of the Company
and one share purchase warrant that entitling the holder to
purchase one additional common share of the Company at a price of
$0.075 per share for a two year period following closing of the
offering. The warrants are subject to an accelerated
expiry stating that if at any time, after the standard 4 month hold
period, the closing price of the Company's common shares on the TSX
Venture Exchange exceeds $0.15 for any 10 consecutive trading days,
the warrant holder will be given notice that the warrants will
expire 31 days following the date of such notice.
Proceeds
from the placement will be used expand the Company's business
operations in the Bakken area of Williston, North Dakota and for
general operating expenses.
All securities issued in connection
with the Private Placement will be subject to a four-month hold
period. The offering is subject to the approval of the TSX Venture
Exchange. This news release does not constitute an offer to sell or
a solicitation of an offer to buy any securities. A finder's fee
may be payable in accordance with the policies of the TSX.
INTERCEPT ENERGY SERVICES
INC. (http://interceptenergy.ca)
Intercept
Energy Services Inc. is an oilfield service company primarily
focused on servicing oil and gas companies, including their
fracking operations. The Company operates a growing number of
proprietary, highly efficient and economical water heating units in
Western Canada and North Dakota making our technology the safest
and most environmentally friendly heating units
available.
For More
information please contact
RANDY HAYWARD, PRESIDENT
or BUCHALTER
CONSULTING Phone: 250-247-8689 or 604-687-8855 Toll
free 1 866 631 6537 rhayward@interceptenergy.ca
stan.buchalter@buchalterconsulting.ca
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 News
Release.
SOURCE: Intercept Energy Services
Inc.
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