VANCOUVER, BC, Jan. 6, 2023
/CNW/ - MCF Energy Ltd. (TSXV: MCF.H) ("MCF
Energy" or the "Company") (formerly Pinedale Energy
Limited) is pleased to announce the commencement of trading in the
Company's common shares on the TSX Venture Exchange (the
"TSX-V") under the ticker symbol "MCF" effective at
the open on January 6, 2022. This
follows the completion of the acquisition of natural gas projects
in Austria and Germany, the appointment of a highly
experienced team, and closing of the $8.5
million equity financing, as announced on January 3, 2022. The Company expects to
drill-test its Austrian project this year.
"MCF Energy believes the answer to Europe's energy security lies right beneath
the surface," commented James Hill,
CEO and Director of The Company. "We are excited to commence
trading on the TSX-V, a leading marketplace for international
energy exploration companies with high environmental
standards."
"Investors play a critical role in our mission to build the
dominant gas exploration company and help Europe build its own bridge to renewables. We
look forward to working closely with the Exchange and our partners
to bring the expertise, capital and confidence needed to make
significant new discoveries."
"MCF Energy has already secured interests in two large-scale
prospects, both of which could be company-makers and will be
evaluated this year. The Company is actively pursuing additional
opportunities with a focus on large-prize sizes with low up-front
capital intensity."
"Principals of MCF Energy have been active in the European oil
and gas sector for nearly 20 years. We revitalised Europe's largest heavy oil field in one
venture and ran one of the continent's largest exploration
campaigns in another. MCF Energy is building from the framework of
those earlier ventures at a critical time for Europe to develop its own cleaner, cheaper,
more secure natural gas industry."
"We intend to move as fast as possible to make this vision a
reality," Mr. Hill added.
For corporate updates, please register to our mailing list at
www.MCFEnergy.com and follow us on twitter
@MCFEnergy. Additional information on the Company is available
at www.sedar.com under the Company's profile.
Cautionary Statements:
The Company will not undertake work programs at its German
interests until relevant licences are granted and acquisition of
those interests is approved by the TSX Venture Exchange.
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.
