Newton Energy Corporation Announces Proposed Private Placement
June 07 2018 - 8:00AM
Newton Energy Corporation (the "
Company" or
"
Newton") announces that it plans to complete a
non-brokered private placement consisting of up to a maximum of
3,333,333 common shares of Newton ("
Common
Shares") at a price of $0.15 per Common Share for maximum
gross proceeds of $500,000 (the "
Offering").
The gross proceeds of the Offering will be used
towards general working capital. Completion of the Offering is
subject to regulatory approval including the approval of the NEX
board of the TSX Venture Exchange Inc. (the
"NEX"). The Common Shares issued will be subject
to a four month hold period from the date of the closing of the
Offering.
For further information, please contact:
Newton Energy Corporation Gino DeMichele, President & CEO
1600, 333 - 7th Avenue S.W. Calgary, Alberta T2P 2Z1Phone:
403-680-7898
Neither the NEX nor its Regulation
Services Provider (as that term is defined in the policies of the
NEX) accepts responsibility for the adequacy or accuracy of this
release.
This news release may contain certain
forward-looking information and statements, including without
limitation, statements pertaining to use of proceeds and the
Company’s ability to obtain necessary approvals from the NEX. All
statements included herein, other than statements of historical
fact, are forward-looking information and such information involves
various risks and uncertainties. There can be no assurance that
such information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such information. A description of assumptions used to
develop such forward-looking information and a description of risk
factors that may cause actual results to differ materially from
forward-looking information can be found in Newton’s disclosure
documents on the SEDAR website at www.sedar.com. Newton does
not undertake to update any forward-looking information except in
accordance with applicable securities laws.
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