/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
CALGARY, Aug. 6 /CNW/ - Aston Hill Financial Inc. (the "Company" or
"Aston Hill") (TSXV: AHF) announces that it intends to close the "best
efforts" brokered private placement (on the same terms as previously announced
on June 15, 2009) on August 14th, 2009 subject to among other things, all
necessary regulatory approvals, including those required by the TSX Venture
The net proceeds from the Offering (as defined in the June 15, 2009 press
release) will be used to fund the Company's continuing equity interest (2.57%)
in Sword Energy Inc. and for general corporate and working capital purposes.
Aston Hill is an asset management company with expertise in the energy
sector, income products, oil and gas property management and private equity
and has offices in Calgary and Toronto.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
The TSX Venture Exchange has neither approved nor disapproved
the information contained herein.
Forward-Looking Statements: This news release contains certain
"forward-looking statements" within the meaning of such statements under
applicable securities law. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect", "project",
"intend", "believe", "anticipate", "estimate", "may", "will", "potential",
"proposed" and other similar words, or statements that certain events or
conditions "may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout this news
release. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and 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. In particular, assumptions in this news release include the
successful completion of the Offering and the receipt of necessary regulatory
approval for the Offering, among others.
For a detailed description of the risks and uncertainties facing the
Company and its business and affairs, readers should refer to the Company's
financial statements and management discussion and analysis for the period
ended March 31, 2009, both of which are available at www.sedar.com. The
Company undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change, unless
required by law. The reader is cautioned not to place undue reliance on
For further information:
For further information: concerning this press release, please contact:
Eric Tremblay, Chief Executive Officer, Aston Hill Financial Inc., (403)
770-4817; Larry Titley, Vice President and CFO, Aston Hill Financial Inc.,