/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
CALGARY, April 2, 2014 /CNW/ - Valparaiso Energy Inc. (the "Corporation") (VPO.H) is pleased to announce that it intends to complete a private
placement financing of up to $400,000 through the issuance of units
consisting of up to 8,000,000 common shares of the Corporation at a
price of $0.05 per share and 4,000,000 share purchase warrants. Each
warrant entitles the holders thereof to purchase an additional common
share for a period of twelve (12) months from the closing date at a
price of $0.15 per common share. Both the common shares, and any shares
issued pursuant to the exercise of warrants, will be subject to a four
month hold period. Insiders are expected to subscribe for securities
in the private placement transaction. Details of such insider
subscriptions will be provided in further news releases regarding the
financing. Finders and brokers will be entitled to a 6% commission or
finder's fee for subscriptions facilitated by such finders or brokers.
The closing of the offering and the payment of any finder's fees are
subject to any and all required regulatory approvals, including
approval of the NEX Board of the TSX Venture Exchange.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
This news release may contain certain forward-looking statements that
reflect the current views and/or expectations of Valparaiso Energy
Inc., with respect to its performance, business and future events.
Such statements are subject to a number of risks, uncertainties and
assumptions. Specifically, certain of the transactions referenced
herein are subject to regulatory approval, and there can be no
guarantee that such approvals will be received, in a timely manner or
at all. Actual results and events may vary.
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
SOURCE: Valparaiso Energy Inc.
For further information:
William J. Wylie
Valparaiso Energy Inc.
T: 403.266.5515 (Ext. 4)