Gear Energy Ltd. announces filing of a non-offering preliminary prospectus
CALGARY, Oct. 16, 2013 /CNW/ - Gear Energy Ltd. ("Gear") is pleased to announce the filing of a non-offering preliminary prospectus with the securities regulatory authorities in Alberta and Ontario. A copy of this preliminary prospectus will be available on Gear's SEDAR profile at (www.sedar.com) and Gear's website (www.gearenergy.com). Gear also announces that is has made an application to list its common shares on the Toronto Stock Exchange.
Gear is a Canadian exploration and production company with predominantly horizontal heavy oil production in east central Alberta and west central Saskatchewan. The current and ongoing business plan is to continue focusing on being a low cost heavy oil operator, drilling economic wells and acquiring assets on an accretive basis.
FORWARD LOOKING INFORMATION
This press release includes statements that express the Company's opinions, expectations, beliefs, plans or objectives regarding future events or future results, and therefore are, or maybe deemed to be, "forward-looking statements."
The forward-looking statements contained in this press release speak only as of the date of this press release. Except as expressly required by applicable securities laws, Gear does not undertake any obligation 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 in this press release are expressly qualified by this cautionary statement.
SOURCE Gear Energy Ltd.For further information:
Ingram B. Gillmore
Gear Energy Ltd.
President and Chief Executive Officer