EFLO Energy, Inc. files Canadian Preliminary IPO Prospectus
/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/
CALGARY, June 16, 2014 /CNW/ - EFLO Energy, Inc. ("EFLO" or the "Company") is pleased to announce that it has filed a preliminary long form prospectus (the "Prospectus") dated June 13, 2014, with the securities commissions of each of the provinces of Canada, other than Quebec, in connection with an initial public offering in Canada of its common shares (the "IPO"). The IPO is being led by Canaccord Genuity Corp.
For more information, potential investors should read the Prospectus, including the "Risk Factors" section contained therein. A copy of the Prospectus is available on the SEDAR website at www.sedar.com. The Prospectus is still subject to completion or amendment. There will not be any sale or acceptance of an offer to buy the common shares of the Company under the Prospectus until a receipt for a final prospectus has been issued.
About the Company
EFLO is engaged in the acquisition, exploration and development of oil and gas properties, principally in the Yukon Territory. EFLO holds working interests totaling 53.65% in the Kotaneelee Gas Project (the "KGP") located in the Yukon Territory in Canada. EFLO believes the KGP has significant conventional and shale gas potential and is supported by an environment of growing investment in gas processing and export in the Pacific Northwest.
The KGP covers 30,542 gross acres and includes a gas dehydration plant (capacity: 70 million cubic feet per day), one shut-in gas well, one water disposal well, and two suspended gas wells. The KGP has a fully-developed gas gathering, sales and delivery infrastructure, airstrip, roads, flarestack, storage tanks, barge dock and permanent camp facilities.
No securities regulatory authority has either approved or disapproved of the contents of this press release.
SOURCE EFLO Energy, Inc.For further information: Robert Wesolek, Chief Financial Officer, Telephone 1-281-260-1034