TSX-V SYMBOL: ANG
CALGARY, Feb. 14 /CNW/ - AltaCanada Energy Corp. (the "Company" or
"AltaCanada") announces that its previously announced 10 for 1
consolidation will not occur until the second tranche of its
refinancing, as previously announced February 10, 2011, has been
completed. This will also permit the name change of the Company to
Montana Exploration Corp. to occur concurrently. It is anticipated
that the second tranche of the refinancing will occur in one or more
closings, all of which will be completed by Friday, February 18, 2011
and the name change and consolidation will occur shortly thereafter.
The Company is engaged in the acquisition, exploitation and production
of crude oil and natural gas reserves in Western Canada and Montana.
For more information on the Company, visit www.altacanada.com.
NEITHER THE 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.
Caution Regarding Forward Looking Information
This press release contains forward-looking statements within the
meaning of securities laws, including the "safe harbour" provisions of
Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking information
is often, but not always, identified by the use of words such as
"anticipate", "believe", "expect", "plan", "intend", "forecast",
"target", "project", "guidance", "may", "will", "should", "could",
"estimate", "predict" or similar words suggesting future outcomes or
language suggesting an outlook. Forward-looking statements in this
press release include, but are not limited to, the anticipated closing
of the second tranche of the refinancing and the closing date thereof
and effective date of the name change and consolidation of the Company.
Forward-looking statements and information contained in this press
release are based on our current beliefs as well as assumptions made
by, and information currently available to, us. Although we consider
these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this
press release involve inherent risks and uncertainties, both general
and specific, and risks that predictions, forecasts, projections and
other forward-looking statements will not be achieved. We caution
readers not to place undue reliance on these statements as a number of
important factors could cause the actual results to differ materially
from the beliefs, plans, objectives, expectations and anticipations,
estimates and intentions expressed in such forward-looking
statements. When relying on our forward-looking statements to make
decisions with respect to the Company, investors and others should
carefully consider the foregoing factors and other uncertainties and
potential events. Furthermore, the forward-looking statements contained
in this press release are made as of the date of this document and we
do not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. The forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
SOURCE AltaCanada Energy Corp.
For further information:
|Charles Selby, Executive Chairman |
(403) 265 9091 (ext 247)
(403) 262 8866
|Don Foulkes, President & CEO|
(403) 265 9091 (ext 248)
(403) 265 9021