THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED
BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
LONDON, Sept. 20, 2018
/CNW/ - SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company,
notes the recent press speculation relating to the Company.
The Board confirms that it is in discussions for the acquisition
of a significant package of assets in Egypt from BP (the "Acquisition"). The
Acquisition would constitute a reverse take-over under Rule 14 of
the AIM Rules for Companies and would be subject to Shareholder
approval.
In accordance with the AIM Rules the Company's shares have been
suspended from trading on AIM with immediate effect and will remain
suspended until an AIM admission document has been published or
until the Company confirms that the Acquisition is not proceeding.
Trading in the shares of the Company on the TSX Venture Exchange
will also be halted during such time.
A further announcement will be made as and when appropriate.
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.
Forward-Looking Information
This document contains certain statements that may constitute
"forward-looking statements" as such term is used in applicable
Canadian securities laws. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or are
not statements of historical fact should be viewed as
forward-looking statements. In particular, statements concerning
the Acquisition should be viewed as forward-looking statements. The
forward-looking statements contained in this document are based on
certain assumptions and although management of SDX consider these
assumptions to be reasonable based on information currently
available to them, undue reliance should not be placed on the
forward-looking statements because SDX can give no assurances that
they may prove to be correct. Numerous risks and
uncertainties could also cause the actual events and results to
differ materially from the estimates, beliefs and assumptions
expressed or implied in the forward-looking statements. SDX
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE SDX Energy Inc.