VANCOUVER, BC, April 4,
2023 /CNW/ - Canada Energy Partners Inc. (NEX:
CE.H) (the "Corporation"). The Corporation
announces a private placement of convertible debentures to secure
up to $150,000. The convertible
debentures will be non-interest bearing, will have a maturity date
of 12 months and the principal amount may at the option of a holder
be converted into units consisting of a common share at an issuance
price of $0.05 and a share purchase
warrant entitling the holder thereof to acquire an additional
common share at an exercise price of $0.075 for a period of 12 months.
Subject to approval of the TSX Venture Exchange ("Exchange"),
the Corporation may pay a finder's fee in cash or finders' warrants
to arm's-length finders in amounts to be negotiated. The
Corporation intends to use the net proceeds of the private
placement for working capital.
All securities to be issued in connection with the private
placement will be subject to a 4 month hold period from the date of
issue in accordance with applicable securities laws. Completion of
the private placement is subject to approval of the Exchange.
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.
This press release contains forward-looking statements within
the meaning of applicable securities laws. Forward-looking
statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words or statements that certain events or
conditions "may" or "will" occur, including, without limitation,
estimated revenues. Forward-looking statements in this press
release include statements about the anticipated filing deadline
for the Annual Filings. Forward-looking statements are subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
projected in the forward-looking statements. These factors include,
without limitation, the failure to file the Annual Filings by the
anticipated date. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The
forward-looking statements contained in this press release are made
as of the date hereof, and the Company undertakes no obligation to
update publicly or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless
so required by law.
SOURCE Canada Energy Partners Inc.
