TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Greencastle Resources Ltd. (TSXV: “VGN”), “Greencastle” or the “Company”) is pleased to announce an initial investment in Criterium Energy Ltd. (TSXV-CEQ) I am pleased to Criterium is an emerging upstream energy company focused on the acquisition and development of oil and gas assets in Southeast Asia.
Greencastle acquired 6,000,000 Criterium units at a price of $0.04 for a total of $240,000. Each unit consists of one share of Criterium common stock and one share of common stock purchase warrants. The warrant is exercisable for five years and allows the holder to purchase up to 6,000,000 additional shares of his Criterium common stock for his $0.04.
“Greencastle has had a very long and profitable relationship with Softrock Minerals Ltd. The Softrock team has considered dozens of opportunities with a view to completing some form of transformative transaction. I am very pleased to have the opportunity to participate in the launch of this exciting new energy company.I had great discussions with Robin Auld, CEO of Criterium, and they I think we have a very clear plan.”
For more information, please visit www.greencastle.ltd or contact us at: 222.
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release. This news release contains forward-looking statements. These statements are based on information currently available to us and there is no guarantee that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe our future plans, objectives, or goals, including language to the effect that we or management expects the stated conditions or results to occur. . Forward-looking statements “believe,” “expect,” “anticipate,” “estimate,” “could,” “could,” “would,” “will.” , or by terms such as “plan”. Forward-looking statements are based on assumptions and address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. Actual results related to, among other things, exploration, project development, reclamation, the cost of capital of the Company’s mineral assets, and the Company’s financial condition and prospects are currently not anticipated in such statements for a number of reasons, including: It can be very different from what you are seeing. changes in general economic and financial market conditions; Changes in mineral demand and prices. litigation, legislation, environmental and other judicial, regulatory, political and competitive developments; technical and operational problems encountered in connection with our activities; Other matters discussed in this news release. This list is not an exhaustive list of factors that may affect our forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on our forward-looking statements. We do not undertake to update any forward-looking statements that may be made from time to time by us or our agents, except in accordance with applicable securities laws.
Greencastle Acquires Criterium Energy Units, The Canadian Business Journal
Source link Greencastle Acquires Criterium Energy Units, The Canadian Business Journal