CALGARY, ALBERTA–(Marketwired – April 27, 2015) – Valparaiso Energy Inc. (the “Corporation“) (NEX:VPO.H) has proposed, by way of a resolution of its Board of Directors, to extend the expiry date of 5,000,000 issued and outstanding warrants (the “Warrants”) from 4:00 pm on April 29, 2015 to 4:00 pm on April 29, 2016. The Warrants were issued as part of a private placement which closed on April 29, 2014. Each Warrant entitles the holder to purchase one common share in the capital of the Corporation at a price of $0.15 per share. All of the warrants are held by parties at arm’s length to the Corporation.
The expiry date extension of the above Warrants is subject to Regulatory approval.
The Corporation currently has 47,221,569 Common Shares outstanding and trades on the NEX board and the TSX Venture Exchange under the symbol VPO.H.
Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which it is placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this press release is expressly qualified by this cautionary statement.
The forward-looking information contained in this press release is made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking information whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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.
Valparaiso Energy Inc.
William J. Wylie
President and Chief Executive Officer
403.266.5515 (Ext. 4)