TSX Venture Exchange Conditionally Approves Petro One / Goldstrike Joint Venture
January 09 2014 - 7:45AM
Marketwired
TSX Venture Exchange Conditionally Approves Petro One / Goldstrike
Joint Venture
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 9, 2014) -
Goldstrike Resources Ltd.
(TSX-VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) and Petro One
Energy Corp. (TSX-VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1)
are pleased to report that the TSX Venture Exchange (the "TSXV")
has conditionally approved Goldstrike's proposed joint venture with
Petro One to drill a series of oil wells on leases controlled by
Petro One in Southwestern Manitoba and Southeastern
Saskatchewan.
Final approval will be subject to TSXV acceptance of the usual
filings required under Policy 5.3, "Acquisitions and Dispositions
of Non-cash Assets", including (i) a Geological Report on the South
Reston property, where the first well is proposed to be drilled;
(ii) a Financial Plan or other evidence that demonstrates that
Goldstrike has or will have on closing the financial resources to
close the transaction; and (iii) evidence of value supporting
Goldstrike's proposed financial contribution to the joint venture.
Follow-up submissions have been made in respect of those
requirements.
The companies are also pleased to report that the Manitoba
government has issued a drilling license for the first oil well
(Well #SR1) proposed to be drilled at South Reston. The background
to the proposed joint venture, the details of the drilling program
and information on the South Reston, Kirkella and Milton properties
are set out in the joint news release issued by the companies on
November 26, 2013.
ON
BEHALF OF THE BOARD PETRO ONE ENERGY CORP. "Peter Bryant"
President & Director |
ON
BEHALF OF THE BOARD GOLDSTRIKE RESOURCES LTD. "Terrence E.
King" President & Director |
Neither 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 release.
Forward-Looking Statements
Certain statements contained herein constitute
forward-looking statements or information (collectively
"forward-looking statements") within the meaning of applicable
securities legislation, including, but not limited to management's
assessment of future plans and operations, including: drilling
plans and potential locations; expected production levels;
development plans; reserves growth; production and operating sales
and expenses; reservoir characteristics; the results of applying
certain operational development techniques; certain economic
factors; and capital expenditures.
Forward-looking statements are typically identified by words
such as "anticipate", "estimate", "expect", "forecast", "may",
"will", "project" and similar words suggesting future events or
performance or may be identified by reference to a future date. In
addition, statements relating to oil and gas reserves and resources
are deemed to be forward-looking statements as they involve the
implied assessment, based on certain estimates and assumptions,
that the reserves or resources described, as the case may be, exist
in the quantities predicted or estimated and can be profitably
produced in the future. With respect to forward-looking statements
herein, the Company has made assumptions regarding, among other
things; future capital expenditure levels; future oil and natural
gas prices; ability to obtain equipment and services in a timely
manner to carry out development activities; ability to market oil
and natural gas successfully to current and new customers; the
ability to obtain financing on acceptable terms; and the ability to
add production and reserves through development and exploitation
activities. Although the Company believes that the expectations
reflected in the forward-looking statements contained herein, and
the assumptions on which such forward-looking statements are made,
are reasonable, there can be no assurance that such expectations
will prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included herein, as there
can be no assurance that the plans, intentions or expectations upon
which the forward-looking statements are based will occur. By their
nature, forward-looking statements involve numerous risks and
uncertainties that contribute to the possibility that the
forward-looking statements will not occur, which may cause the
Company's actual performance and financial results in future
periods to differ materially from any estimates or projections. The
forward-looking statements contained herein are made as of the date
hereof. The Company does not undertake any obligation to, nor does
it intend to, publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. The forward-looking statements contained herein are
expressly qualified by this cautionary statement. In addition,
readers are cautioned that historical results are not necessarily
indicative of future performance.
Investor RelationsKing James Capital CorporationJeff Stuart(604)
805 0375jstuart@kingjamescapital.comPetro One Energy Corp.604 566
9089604 564 8003 (FAX)IR: 604 805
0375PetroOneEnergy.comTwitter.com/PetroOneEnergyGoldstrike
Resources Ltd.604 681 1820604 681 1864 (FAX)IR: 604 805
0375GoldStrikeResources.comTwitter.com/GoldstrikeRes
Trailbreaker Resources (QB) (USOTC:APRAF)
Historical Stock Chart
From Jan 2025 to Feb 2025
Trailbreaker Resources (QB) (USOTC:APRAF)
Historical Stock Chart
From Feb 2024 to Feb 2025