FORT WORTH, TX, May 21, 2013 /CNW/ - Breezer Ventures Inc. (BRZV) (OTCQB:BRZV.PK), a Fort Worth, Texas based company, focused on the development and commercialization of its oil and gas wells in Texas, today announced that it is planning a new equity financing opportunity that would provide the funding necessary to carry out its aggressive 2013 oil production strategy. The number of shares to be offered and the price range for the offering have not yet been determined.
Breezer will use the net proceeds from the offering to expand and speed up its development and commercialization of its portfolio of six oil and gas wells. In addition, the Company will further use the net proceeds to explore other oil and gas investments in the USA; exercise options on other wells located on the Jackson Fields; and, for general working capital.
"Completion of this financing demonstrates our commitment to our shareholders and will enable us to commercialize our oil and gas assets more rapidly" as stated by Tang Xu, Breezer's President.
About Breezer Ventures Inc.
Breezer Ventures Inc. is an oil and gas company engaged in the acquisition and development of producing oil and gas properties. Breezer owns a portfolio of oil and gas assets located in the Jackson Fields, Texas.
This press release may include certain statements that are forward-looking in nature. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Breezer Ventures Inc.'s current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Breezer Ventures Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Breezer Ventures Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD OF DIRECTORS,
Tang Xu, President & Director
SOURCE: Breezer Ventures