TSX-V: ONV
VANCOUVER, Nov. 7, 2018 /CNW/ - Oronova Energy
Inc. ("Oronova" or the "Company") (TSX.V:
ONV) is pleased to announce that it has retained Canopus Capital AG
("Canopus" or the "Consultant") to provide financial
advisory services. In connection with the foregoing
appointment, the Company announces the grant of 600,000 incentive
stock options under the Company's stock option plan to Canopus at
an exercise price of $0.105 per share
for a period of two years.
Canopus, is a Liechtenstein-based asset management company
and advisory group, specialized in financing oil & gas
operations both domestically and internationally. Its shareholder
and CEO, Gilles Koch has a track
record in the sector of over 20 years.
On behalf of the Board of Oronova Energy Inc.
"David Farrell"
Chief Executive Officer
Cautionary Statement
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as such term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved nor disapproved the information contained
herein.
Forward Looking Statements
This news
release contains forward looking statements relating to the future
ooperations of the Corporation and other statements that are not
historical facts. Forward Looking Statements are often identified
by terms such as "will", "may", "should", "anticipate", "expects"
and similar expressions. All statements other than statements of
historical fact, included in this release, including, without
limitation, statements regarding future plans and objectives of the
Corporation, are forward looking statements that involve risk and
uncertainties, There can be no assurances that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Corporation's expectations are exploration
risks detailed from time to time in the filings made by the
Corporation within the securities regulations.
The reader is cautioned that assumptions used in the
preparation of any forward looking statements/information may prove
to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted, as a result of numerous
known or and unknown risks, uncertainties and other factors many of
which are beyond the control of the Corporation. As a result we
cannot guarantee that any forward looking statement will
materialize and the reader is cautioned not to place any undue
reliance on any forward looking statements/information. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward looking
statements contained in this News release are made as of the date
of the release and the Corporation does not undertaken any
obligation to update publicly or to revise any of the included
forward looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
Canadian securities law.
SOURCE Oronova Energy Inc.
