SilverWillow Energy Corporation Completion of Amalgamation

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

CALGARY, Aug. 25, 2015 /CNW/ - SilverWillow Energy Corporation (TSXV:  SWE) ("SilverWillow"), announces the completion of the previously announced amalgamation of SilverWillow and 9341102 Canada Inc. ("AcquireCo"), a wholly-owned subsidiary of Value Creation Inc. ("Value Creation"), under the Canada Business Corporations Act  (the "Amalgamation"). As a result of the Amalgamation, and in accordance with the acquisition agreement dated July 2, 2015 among SilverWillow, AcquireCo and Value Creation, former holders ("SilverWillow Shareholders") of common shares in the capital of SilverWillow ("SilverWillow Shares") are entitled to receive cash consideration of C$0.03 per SilverWillow Share.

Full particulars of the Amalgamation are described in the management information circular dated July 14, 2015 mailed to the SilverWillow Shareholders. The information circular and letter of transmittal, both of which are available under SilverWillow's profile on the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com, contain instructions for SilverWillow Shareholders on how to receive the consideration payable to them in connection with the Amalgamation.

SilverWillow Shareholders should consult their own tax advisors with respect to the income tax consequences to them of the Amalgamation.

The SilverWillow Shares are expected to be delisted from and no longer traded on the TSX Venture Exchange as soon as possible, in accordance with the rules and policies of the exchange.  SilverWillow is also expected to apply to cease to be a reporting issuer in all of the provinces of Canada, subject to the satisfaction of applicable regulatory requirements.

About SilverWillow

SilverWillow Energy is a Calgary, Alberta-based pre-production oil sands company with a portfolio of exploration leases in Canada's Athabasca oil sands. To learn more, please visit www.swenergy.ca.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

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.

Cautionary Statements Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking information in this news release relates, but is not limited to: the delisting of SilverWillow Shares from the TSX Venture Exchange and SilverWillow ceasing to be a reporting issuer in all of the provinces of Canada. 

Forward-looking information is subject to known and unknown risks and uncertainties and other factors which may cause actual results, events and achievements to differ materially from those expressed or implied in such forward-looking information.  Additional risks relating to the business and operations of SilverWillow are set forth in SilverWillow's most recent Management's Discussion and Analysis, which are filed under the Corporation's profile on SEDAR at www.sedar.com.

SilverWillow undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law.  The reader is cautioned not to place undue reliance on forward looking information.

SOURCE SilverWillow Energy Corporation

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